Since the 17th century, the question of the economic valuation of time (in particular the working time) has been at the center of debates among economists, from classicists to neoclassicists, Marxists to contemporary schools of thought. Today, with the advent of the digital age, characterized by...

Is it better to apply effort to increase personal consumption, or control what one wants? The model presented here provides a characterization of demand for self control, namely, its responsiveness to price and risk. Unlike most other models of self control, the model does not identify self...

Using data from the School-to-Work Transition Surveys 2015 (SWTS 2015), the Enterprise Census data in 2014 (ECD 2014), and the Provincial Competitiveness Index 2014 (PCI 2014), this paper examines for the first time the effect of individual and family characteristics, firm agglomeration, and the...

The paper analyzes the model of the preindustrial family where the hunter and the housewife share the quarry and leisure. The model discovers multiple equilibria in marriage markets, where mating of unlikes results in unequal allocation of leisure time, while mating of likes equalizes leisure...

This paper examines the decisions that are carried out in Italian households to identify the bargaining power of these families. We carry out a descriptive and econometric analysis to demonstrate the effect of different factors in Italian households. The results suggest that women have a more...

The household is likely to base on one family structure—i.e., two spouses, sometimes together with a number of children. The latest are also likely to grow up, fulfil the age of majority, but sometimes stay further home, in the same old household with their parents while though they get some...

In developing countries like India, the obstacles for development for an economy are large. Such countries' population is mainly dependent on agriculture for their livelihood. It is relic, that the exploitation of landlords and zamindari systems on small and marginal farmers. Even today small...

This book shows the most recent topics in economic consumer theory. Also the book shows a review of econometric test of some topics in estimation of microeconometric models.

Egypt's rural population contains a high proportion of farmers with very small farms. Average farm size, now thought to be less than 2.5 feddan, continues to decline under the pressure of the growing rural population. More than two thirds of the farming units are less than three feddan in size....

The marginal analysis of consumer and producer behavior under wage and price dispersion discovers some previously unknown properties of optimality. Both parts in transaction are making satisficing choices, which unintentionally optimize their allocation of time, for a seller between production...