In the period 2020-2022, Russian economy has been facing new, unprecedented challenges of coronavirus and sanctions. order to analyze current state affairs, we are offering an econometric study Russia’s macroeconomic production function for 1990-2022 estimation marginal rate technical substitution under internal external restrictions associated with spread Wuhan (SARS-CoV-2) conduct special mil...

This paper describes and implements a method for estimating the average marginal value of a time-varying local public good: air quality. It uses the General Social Survey (GSS), which asks thousands of people in various U.S. locations how happy they are, along with other demographic and attitude questions. These data are matched with the Environmental Protection Agency's Air Quality System (AQS...

This paper generalizes the standard model of how taxes affect the labor-leisure choice by allowing individuals to change both their labor supply and avoidance effort in response to tax changes. Doing so reveals that the income and substitution effect of taxes depend on both preferences and the avoidance technology. Econometric analysis will not in general allow one to separately identify the tw...

Jerusalem artichoke (JA) tubers are rich in minerals, fibers and inulin, a unique polysaccharide stored them instead of starch. In this study, JA were dried ground into flour, which was then used to substitute 2.5, 5, 7.5 10% wheat flour prepare functional cookies using the previously mentioned functionality (minerals fibers). The chemical composition investigated, as well effects substituting ...

This paper provides a general framework for evaluating the welfare impact of government policy changes towards taxes, transfers, and publicly provided goods. The results show that the behavioral response required for welfare measurement is the causal impact of each agent’s response to the policy on the government’s budget. A decomposition of this response into income and substitution effects is...

We introduce a parametric model of other-regarding preferences. The income distribution, other status considerations, and the kindness or unkindness of others’ choices (“intentions”) systematically affect a person’s emotional state. The emotional state then determines the marginal rate of substitution between own and others’ payoffs, and thus the person’s subsequent choices. Model applications ...

The simple fact that environmental resources are endowments is found to have profound effects on their patterns of allocation with changes in income, population, and income inequality. For broad classes of theoretical models, and in Pareto efficient as well as decentralized economies, environmental quality is found to follow a U-shaped pattern with rising income. We examine population changes a...

Existing representations for multiattribute ceteris paribus preference statements have provided useful treatments and clear semantics for qualitative comparisons, but have not provided similarly clear representations or semantics for comparisons involving quantitative tradeoffs. We use directional derivatives and other concepts from elementary differential geometry to interpret conditional mult...