This paper examines the interactions between household members’ utilities when deciding whether or not to join the … labor market. Using asymptotic least squares, we analyze a sample of 5425 couples living in France in 1997. By comparing the …

change total advertising spending as a share of total economic output, nor did it change significantly total advertising … spending per adult media hour. The contrast between communications policy and the reality of media development is not merely a …

The distribution of the value of travel time savings (VTTS) is investigated employing various nonparametric techniques …

This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical …, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign … with an overview of the main international money organizations and the institutional framework of the past 150 years. …

individuals use money to make transactions, and hence microfoundations for the cash in advance constraint. We analyze the … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are … chosen to act as money, and the level of economic development. …

in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent …This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings … models of search economies with no constraints on money inventories, except that here money is modeled as indivisible and …