By July, electricity costs had increased by nearly 10% on average, according to new data released by the Energy Information ...

1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...

The first section of this paper deals with the properties any demand system should have if it is derived from any utility function. We find that the utility function under consideration could not be ...

The paper constructs and estimates an augmented system of dynamic demand equations in which the demand for leisure and the demand for transactions balances are imbedded. The Budget constraint, ...