This paper studies the nature of social welfare orders on infinite utility streams, satisfying the efficiency principle known asMonotonicity and the consequentialist equity principle known as Strong Equity. It provides a complete characterization of domain sets for which there exists such a social welfare order which is in addition representable by a real valued function. It then shows that for...

0924-2244/$ see front matter Crown Copyright 2013 Published by E http://dx.doi.org/10.1016/j.tifs.2013.01.007 Cardioprotective activity of polysaccharides derived from marine algae: An overview Vijayakumar Mayakrishnan*, Priya Kannappan, Noorlidah Abdullah and Abdul Bakrudeen Ali Ahmed Mushrooms Research Center, Institute of Biological Sciences, Faculty of Science, University of Malaya, Lembah ...

We investigate the relationship between participation in physical activity and self reported happiness in the United States. IV estimates based on data from the Behavioral Risk Factor Surveillance System between 2005 and 2009 and County Business Patterns indicate that individuals living in a county with greater access to sports facilities are more likely to participate in physical activity and ...

Pareto improvements that require no information about individual characteristics are analyzed. Initially, equilibrium must be production inefficient. After the policy change, consumer prices differ from producer prices, but allocations, although second-best, are Pareto superior and production efficient. Policy implementation is modeled as a dynamical system that governs aggregate consumer wealt...

Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research. This paper argues that reported subjective well-being is a satisfactory empirical approximation to individual utility and endeavors to provide an impression of this new, and challenging, development. We study data from the German Socio-Economic Panel to better understand (i) t...

We examine self-control problems — modeled as time-inconsistent, presentbiased preferences—in a model where a person must do an activity exactly once. We emphasize two distinctions: Do activities involve immediate costs or immediate rewards, and are people sophisticated or naive about future self-control problems? Naive people procrastinate immediate-cost activities and preproperate—do too soon...

This paper analyses the determinants of happiness in seven Eastern European transition countries during the early phase of economic transition. The analysis of representative survey data in an ordered logit model shows that those core socio-demographic and economic variables known to be relevant from studies on the US and Western European countries have a similar impact on happiness in Eastern ...

We quantify the role of population aging in structural transformation process. Household-level data from United States show that fraction expenditures devoted to services increases with household age. use a shift-share decomposition and quantitative model US accounted for about fifth observed increase service share consumption between 1982 2016. The contribution rise is same size as real income...

We study social learning in a continuous action space experiment. Subjects, acting sequence, state their beliefs about the value of good after observing predecessors’ statements and private signal. compare behavior laboratory with Perfect Bayesian Equilibrium prediction predictions bounded rationality models decision-making: redundancy information neglect model overconfidence model. The results...

A thermal-death-time (TDT) disk was designed to evaluate microbiological inactivation kinetics by heat. A first order inactivation kinetic model is described by the D value and the z value. These kinetic data are critical in the design, operation and regulation of thermal pasteurization. D and z values of Salmonella enteritidis strain 13076 and Escherichia coli K12 in liquid whole egg and liqui...