Tea has a significant contribution to households' cash income in the study area. However, decreasing productivity in the sector with price volatility led to a decline in output. Due to this fact, the studies were assessing the production trend with their bottlenecks, and identify the determinant...

We propose generalized versions of strong equity and Pigou-Dalton transfer principle. We study the existence and the real valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains...

Although the link between risk aversion and diminishing marginal utility of wealth is academically well established, theoretical discussions concerning its empirical validity remain. The presented, review-type paper aims to briefly examine theoretical roots responsible for the different views on...