Kirchler et al. (2012) make a number of contributions to experimental research on asset markets. One of their findings is that the levels of cash holdings of traders do not affect asset prices when fundamentals follow a constant time trajectory. We report a new experiment in which we replicate...

We report the results of an experiment designed to study the effect of asset-holdings caps on the formation of bubbles and crashes in laboratory asset markets. Bubbles and crashes are a quite robust phenomenon in experimental settings. Motivated by concentration control policies employed in the...

The impact of HIV/AIDS on fertility in sub-Saharan Africa has received attention recently, since changes in population structure can impact on future economic development. We analyze the effect of AIDS on actual and desired fertility in rural Malawi, using data from Malawi 2004 Demographic and...

We develop and explore an economic model in which cigarette consumption enhances utility but reduces the probability of survival through the period. Social capital is produced by time spent developing and maintaining social relationships. By requiring time inputs, social capital has an...

This paper provides an analysis on whether 15D and EQ-5D can be used interchangeably as health outcome measures in cost-effectiveness studies. The empirical performance of the two multi attribute utility instruments is tested in terms of feasibility, utility score, linear relationship and...

This paper examines the determinants of very low birth weight infant (or neonatal) mortality using the Taiwan National Health Insurance Research database from 1997 to 2009. After infants are discharged from hospital, it is not possible to track their mortality, so the Cox proportional hazard...

Providing health insurance involves a trade-off between the benefits from risk spreading and the costs due to moral hazard. Focusing on pharmaceuticals consumption, this paper examines theoretically whether reference pricing, requiring individuals to pay the price difference if, in this case,...

Recently there has been a surge in interest on how HIV/AIDS affects fertility in countries hit by the disease. In this study, the effect of communal HIV/AIDS on fertility in rural Malawi is estimated using individual data from the 2004 Malawi Demographic and Health Survey on fertility and the...

Should governments allow parallel trade of pharmaceuticals? There is no clear-cut answer to this question, since parallel trade causes some public concerns. One is that prices might not decrease much in the home country because consumers are price insensitive as a result of medical insurance....

In many Sub-Saharan countries the HIV epidemic has spread to over 10% of the working-age population, and is likely to affect economically relevant behaviour. We evaluate the impact of the HIV/AIDS epidemic on the reproductive behaviour for women in Malawi, allowing for a heterogeneous response...