The Prebisch-Singer (PS) hypothesis, which postulates the presence of a downward secular trend in the price of primary commodities relative to manufacturers, remains at the core of a continuing debate among international trade economists. The reason is that the results of testing the PS...

The recent rise of digital technology has enabled the development of various online platforms that gave rise to the so-called sharing economy. Academics suggest that this economy is causing a switch in consumer behaviour. This paper attempts to test this hypothesis by fitting a smooth transition...

The rational choice model under certainty and the discounted utility (DU) and expected utility (EU) models under uncertainty are criticized for their inability to capture many observed temporal behaviors, e.g., satiation, habit formation, and change-of-taste. By considering consumption as an...