Recent research distinguishes an individual's decision utility, inferred from her observed choices, from her experienced utility, which more closely matches the notion of happiness. Using various estimation techniques with a unique experimental data set, we test whether post-choice satisfaction...

The paper investigates the effects of the Zimbabwean national culture on enterprise development. In-depth interviews were carried out with fifteen (15) entrepreneurs and seven (7) members of the community whose role was to support entrepreneurs. It was established that the national culture...

Success and failure of enterprise development is dependent on both the entrepreneur and the environment in which entrepreneurial activities take place. The entrepreneur is motivated to start an enterprise if the environment is supportive and is discouraged if the environment is not supportive....

In 1970, the Federal District Court ordered that no school in the Pasadena School District would be allowed to open with a “majority minority population.?To comply with this order, Pasadena began busing many of its minority students to other within-district schools with smaller minority...

Housing tenure choice has been the subject of a very large literature. Many treatments have sought to estimate the effect of household income on the likelihood of home ownership. To date, no study has ever disaggregated the household income of married couples into the separate labor income...

We examine two factors that help explain the prevalence of conflict in low-income countries: that adversaries cannot enforce long-term contracts in arms, and that open conflict alters the future strategic positions of the adversaries differently than does peace. Using an infinite horizon model,...

We examine two factors that help explain the prevalence of conflict in low-income countries: that adversaries cannot enforce long-term contracts in arms, and that open conflict alters the future strategic positions of the adversaries differently than does peace. Using an infinite horizon model,...

Economic growth has not led to a decline in religion despite past predictions that it would. I use a formal model of religious competition to show how economic growth produces counteracting effects on religious participation in an open religious market, while economic growth will have little...

According to existing theory, religion thrives when groups overcome the free-rider problem in the production of religious goods. This paper explains, however, that allowing some free-riding is necessary in a dynamic setting. If an individual only contributes when she has high religious capital,...

The past decade has witnessed an explosion of interest in the scientific study of happiness. Economists, in particular, find that happiness increases in income but decreases in income aspirations, and this work prompts examination of how aspirations form and adapt over time. This paper presents...