Household Management

Household Risk Management

Households’ insurance against shocks to income and asset values (that is, household risk management) is limited, especially for poor households. We argue that a trade-off between intertemporal financing needs and insurance across states explains this basic insurance pattern. In a model with limited enforcement, we show that household risk management is increasing in household net worth and inco...

Simulating Household Waste Management Behaviour

The paper reports the outcome of research to demonstrate the proof of concept for simulating individual, collective and interactive household waste management behaviours to provide a tool for efficient integrated waste management planning. The developed model simulates whole communities as distributions of individual households engaged in managing their own domestic waste, through home composti...

The Sustainable Management of Household

Household Risk Management and Optimal Mortgage Choice

A typical household has a home mortgage as its most significant financial contract. The form of this contract is correspondingly important. This paper studies the choice between a fixed-rate (FRM) and an adjustable-rate (ARM) mortgage. In an environment with uncertain inflation, a nominal FRM has risky real capital value whereas an ARM has a stable real capital value. However an ARM can increas...

Service-oriented Architecture for Household Energy Management

Recent advances in pervasive computing foster automated systems to support household energy management. Smart devices can be used to monitor both the consumption of household appliances and the presence and activity of people in the household. Based on monitoring results, intelligent feedback to residents and intelligent control of appliances is possible. In this paper we present a service-orie...