This paper reports the results from a multi-attribute market negotiation experiment to study how the structure of the negotiation process influences its efficiency. We found that, conditional on the success of the negotiation, the total value created increased with the time spent negotiating; by...

According to the catastrophic health expenditure methodology a household is in catastrophe if its health out-of-pocket budget share exceeds a critical threshold. We develop a conceptual framework for addressing three questions in relation to this methodology, namely: 1. Can a budget share be...

"Over time, increases in hours of work per capita have created the intuitively plausible notion that there is less time available to pursue social interactions. The specific question addressed in this paper is the effect of hours of work on social interaction. This is a difficult empirical...