Available data on farmers’ socioeconomic or poverty status have focused on the use of money-metric measure of income and/or expenditure, an approach that has been criticized. An alternative, proposed to assessing households’ welfare has been to use asset indices; unfortunately, there is dearth of such study in Edo state. This study therefore assessed the socioeconomic status (SES) of farming ho...

In this paper we study the accruement and decay of asset pricing bubbles under the assumption that young agents behave boundedly rational when rst entering the market and then gain more and more experience when growing older, nally reaching a state of perfect rational behavior. Therefore we set up an overlapping generations model where agents form their beliefs about the payo of a risky asset b...

The subject of the paper by David Gruen, Michael Plumb and Andrew Stone — how monetary policy should respond to asset prices — is obviously an important one. The formation of bubbles in asset prices and the eventual demise of those bubbles have the potential to cause damage to our economic and fi nancial systems. Macroeconomic instability in the form of unwelcome variability of output and infl ...