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...

A large body of experimental work has suggested the existence of a "choice overload" effect in consumer decision making: Faced with large menus of choice options, decision makers often defer or avoid choice. A suggested reason for the occurrence of this effect is that the agents attempt to avoid...

A large body of experimental work has suggested the existence of a "choice overload" effect in consumer decision making: Faced with large menus of choice options, decision makers often defer or avoid choice. A suggested reason for the occurrence of this effect is that the agents attempt to avoid...

A large body of empirical work has suggested the existence of a "choice overload" effect in consumer decision making: When faced with large menus of alternatives, decision makers often avoid/indefinitely defer choice. A suggested reason for the occurrence of this effect is that the agents try to...

. A wide body of literature on economic theory is devoted to the analysis of industrial goods markets with the possibility of advertising influence on demand. However, these models do not view media as industry entities with their own strategic goals and objectives. On the other hand, the main...

The utility function with traditional exponential discount cannot explain individuals´ problems of inter-temporal inconsistence and self-control. Several economists have explained these problems with what is known as “present-bias”. The present-bias means that a good becomes more tempting...

The distinction made by the classical economists between necessaries and luxuries is weakened by two problems: how to draw the line between necessaries and luxuries in advanced modern economies; how to evaluate luxuries, whether positively for individual’s freedom and for the economy, or...

The economic crisis has led to decreases in the welfare of urban and rural households. This paper applies EV (equivalent variation) and CV (compensating variation) derived from the Linear Expenditure System (LES) to calculate the change in the welfare of urban and rural households that were...

This paper discusses poverty lines in Indonesia. Firstly, the various poverty lines in Indonesia is discussed. The differences in methodologies and assumptions had created the central controversies in determining the poverty lines: kinds and quantities of goods. Secondly, an alternative poverty...

In the paper is presented special theory of employment, which is not part of the four economic methods (simultaneous equations, partial equilibrium, macro- aggregates, Marxian hermeneutic). The special theory of employment indicating that households, as one of the four regulators of the economy,...