The economics of happiness is applied to further the understanding of important consumption decisions in which limited willpower is often argued to lead to suboptimal choices. Based on individuals’ judgments of the quality of their lives, it is, in principle, possible to derive whether some observed behavior is suboptimal and is therefore reducing a person’s welfare. We discuss the key characte...

Article history: Received 2 March 2015 Available online 10 July 2015 JEL classification: C70 D44 D60 D82

Finite sets of market data may not suffice to determine Pareto-improving policies. © 2007 Elsevier B.V. All rights reserved. JEL Classification: D50; D60

this paper evaluates the welfare effects of price changes in the main commodity groups in iran. using the iranian urban households’ data issued by the iranian statistics center over the period 1994-2007 we estimate the subsistence level. in addition, using the results from the linear expenditure system we calculate the price and income elasticities along with the compensation and equivalent var...

Most extant research in the economics of crime literature has focused on explaining variations in crime rates. Public action to prevent crime, however, is often dependent on the level of concern about public security that is expressed in public perceptions surveys. The economics of crime literature has largely overlooked responses to such surveys as data sources and therefore it has not account...

UK Households’ Carbon Footprint: A Comparison of the Association between Household Characteristics and Emissions from Home Energy, Transport and Other Goods and Services Does the association between household characteristics and household CO2 emissions differ for different areas such as home energy, transport, indirect and total emissions in the UK? Specific types of households might be more li...