I construct a non-parametric pricing kernel with consumption prices and expenditure by decomposing consumer's indirect utility function. This pricing kernel establishes the fundamental connection between the inter-temporal financial asset-holding and the intra-temporal consumption portfolio. I...

Faced with food supply disruptions due in part to geopolitics and political instability in its traditional food source markets in the Kingdom of Saudi Arabia and the United Arab Emirates, Qatar - a wealthy, highly import-dependent open economy - plans to identify a set of alternative markets...

This paper examines the construction of a price index based on an estimated demand system. In principle the method examined can produce a price index that accounts for introduction of new products and quality changes in existing products. However, I isolate two key assumptions that have to be...

The paper seeks to analyze residential energy use patterns and the price and energy expenditure responsiveness of household demand for residential energy in Ghana, using GLSS 7 data, the multivariate probit model, and the Quadratic Almost Ideal Demand System (QUAIDS) model. The study focuses on...