Since it was first introduced half a century ago, Status Crystallization [SC] which is also know as Status Incongruence, Consistency or Inconsistency has been used in over 200 research papers. Many have accepted it and treated it as a potentially useful substantive construct and even generalized...

We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special operator is studied which is of importance in economic theory; sufficient conditions are given for its existence, symmetry, and negative semidefiniteness. The techniques used are...

A large literature exists that deals with economic issues of development and growth. It includes various approaches that can be classified as formal-theoretical, empirical-statistical and qualitative-verbal. Recently, the issue of sustainable development has been discussed much, which has given...

This paper develops a new method for estimating the structural parameters of dynamic programming problems in which choices are discrete. The method reduces the computational burden of estimating such models. We show the valuation functions characterizing the expected future utility function...

The paper considers the conditions under which a system of dynamic equations will be consistent with some prespecified multivariate equilibrium specification. Connections are also drawn between what is known as 'the internal model principle' in the design of robust linear feedback rules and...

Convenience goods are bought without much consideration or effort on the part of the consumer. Buyers don't try to get the best bargain when purchasing individual convenience items. Instead, they adapt their store choice habits so that they can expect, on average, good value for money in the...