Showing 1 - 10 of 908
In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...
Persistent link: https://www.econbiz.de/10015257198
The study explores the application of demand theory in studying consumer spending behaviour and policy analysis, with a … focus on food demand and consumption patterns. It reviews various demand function systems and introduces the differential … approach as a superior method for modelling demand. The study uses recent phases of the International Comparison Program (ICP …
Persistent link: https://www.econbiz.de/10015213722
for a demand equation is derived. The indifference curve map and demand and Engels curve diagrams are interpreted, and …
Persistent link: https://www.econbiz.de/10015213736
-consumption choice are derived and their diagrams drawn – labour supply, consumption demand and their Engels curves. The main outcomes …
Persistent link: https://www.econbiz.de/10015213857
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...
Persistent link: https://www.econbiz.de/10015214060
Bounded cardinal utility theory (BCUT), built on the seminal work of Van Praag (1968), is based on three axioms. • The leaning-S-shaped utility function reflects the individual’s experiences of fulfilment of a need – deprivation (increasing marginal utility (MU)), subsistence (a point of...
Persistent link: https://www.econbiz.de/10015214120
Motivated by the extensive evidence about the relevance of status quo bias both in experiments and in real markets, we study this phenomenon from a decision-theoretic prospective, focusing on the case of preferences under uncertainty. We develop an axiomatic framework that takes as a primitive...
Persistent link: https://www.econbiz.de/10015214313
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...
Persistent link: https://www.econbiz.de/10015214367
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...
Persistent link: https://www.econbiz.de/10015214372
This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff 1996, Cerrato et al. 2014). The proposed model is based on the budget constraint of present and future consumption, which...
Persistent link: https://www.econbiz.de/10015214610