Non-linearities and equivalence scales

Article Abstract:

A study was conducted to evaluate the effect of equivalence scale estimation on micro empirical results of a demand theory analysis is presented. The study considers a demand system without nonlinearity and frequent heterogeneity in expenditure variables. Results show that demand information does not provide complete data for making welfare comparisons using equivalence scale components.

Estimation theory

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Universal decentralisation: a demand system for collective and unitary models with household public goods

Article Abstract:

Universally decentralised (UD) demand systems provide ways to analyze a wide range of household decision models that, otherwise, are not possible with unitary or the less decentralised collective models. Restrictions derived from derivatives of demand functions for different household allocation models allows testing between the different models.

Research and Testing Services, Economics, Research and Development in the Social Sciences and Humanities, Analysis, Economic research

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The ultimatum game and the law of demand

Article Abstract:

Results of experiments conducted on the ultimatum game have contradicted accepted economic theory. A study is conducted to demonstrate that experimental results of the ultimatum game are in accordance with the Law of Demand. This is proven by examining the salaries of major league baseball players and their marginal revenue.

Sports Teams and Clubs, Sports clubs, managers, & promoters, Professional Baseball, Economic aspects, Baseball (Professional), Ultimatums

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