In this paper, I consider two heterogeneous economies that engage in a currency union. The small economy adopts the currency of the large and is highly dependent on its wealthier partner for trade. The effects of a currency union, deficit financing and institutional restraints on inflation are...

The purpose of this paper is to examine the most appropriate slaughtering time for deer from an economic perspective under the following conditions: (1) standard deer farming and temporal deer farming; (2) unit price of venison is constant and is a function of age in months (3) grazing and pen...

This paper investigates the offsetting effect theory, using individual-level accident data to analyze how drivers respond to seat-belt laws. I find that drivers drive their vehicles more carefully when more stringent seat-belt laws are in effect. I also find that careful driving is not...

This analysis clarifies the ambiguous results from military spending and economic growth literature where the impact of military expenditure is frequently found to be non-significant or negative. Investigation re-examines effects of military spending on growth by analysing this relationship...

In modern conditions standard models of market coordination and price control at which each enterprise is a separate and independent production unit, are economically inexpedient. The author considers the objective necessity of the establishment of the parity relations between business and the...

General polygyny -- near universal marriage and polygyny -- is common in Africa. But why would men marry n wives for 1/n:th of the time instead of monogamously? Downsides include prolonged bachelorhood and a high degree of step-parenting. We point to the African slave trade which...

We show that the main results of the expected utility and dual utility theories can be derived in a unified way from two fundamental mathematical ideas: the separation principle of convex analysis, and integral representations of continuous linear functionals from functional analysis. Our...

Microfinance has, by now, reached a total of over 60% of all poor households of Bangladesh, and 37% of all households (World Bank, 2005). There are, however some controversies relating to the indebtedness for the microfinance receivers and the contribution of microfinance in their socioeconomic...

The effects of motherhood on women's labour force participation are estimated usually for mothers who are co-resident with their children. This paper, however, shows that a co-residency requirement upwardly biases the negative effects of motherhood in a country where labour force participation...

In this paper we empirically analyse the factors which determined consumer credit in Greece in the period before and after the financial liberalisation, while accounting for significant changes in structure due to the lifting of credit restrictions and the subsequent impressive boom of consumer...