This study assessed households’ willingness to pay and payments for water services supplied by the Akwa Ibom Water Company Limited using the Heckman two-step analysis. Using the survey research design, these households comprised households that have access to 5.06% of water supply services...

This study assessed households’ willingness to pay and payments for water services supplied by the Akwa Ibom Water Company Limited using the Heckman two-step analysis. Using the survey research design, these households comprised households that have access to 5.06% of water supply services...

Despite persistent efforts to deal with life's economic challenges, most Ghanaians are financially insecure, making the pursuit of lifelong goals more difficult. Given these realities, financial literacy and consumer financial stability appear viable strategies for promoting economic stability....

The conflict between the income based and nutrition based estimates of poverty is a widely debated issue in economic literature. This paper, using a two commodity framework, attempts to show that in presence of inequality, a status driven utility function can reconcile the conflict between the...

The existing literature on poverty has discussed about the conflict between income-based measure and nutrition-based measure. However, the role of social inequality in influencing individual’s consumption and inducing greater consumption of the so called status good has been relatively...

Happiness is a universal state of mind. However, its meaning takes on culture-specific forms, ranging from emotional states of mind to life satisfaction. The definition of 'happiness' is strongly influenced by the respective philosophical background and material living conditions and is shaped...

ABSTRACT & RÉSUMÉ : Happiness is a universal state of mind. However, its meaning takes on culture-specific forms, ranging from emotional states of mind to life satisfaction. The definition of 'happiness' is strongly influenced by the respective philosophical background and material living...

This paper provides a simple development mechanism for African nations, where economic development is low due to not only low level of physical capital but also poor social capital that leads to lot of conflicts. The study suggests for development of social capital, which is a broader concept...

This paper discusses the links between earnings, consumption and economic welfare inequality. It places emphasis on the role of leisure and labor supply in the assessment of cross-household inequality and argues that the documented increase of such inequality has its origin in the labor market....

This paper presents some theoretical foundations underlying the welfare analysis that can be established in order to quantify the impact on consumers, when an agent violates the rights of purchaser and such behavior is reflected in a price increase. This exercise allows us to conclude that if it...