This paper shows how policies aimed at insuring health risks and those intended to improve the environment are (and should be) deeply intertwined. In the model economy inspired by recent Chinese…

Pay-What-You-Want (PWYW) pricing schemes are becoming increasingly popular. We develop a model incorporating self-image into the buyer’s utility function and introduce heterogeneity in consumption…

Reducing poverty and improving household food security remains an important policy objective for rural development in the semi-arid areas of many countries in Africa. Many development programs have…

Small-scale farming of mud crabs (Scylla serrata) has been suggested as an alternative income for resource poor coastal communities in East Africa. However, it and it is unclear if the present culture…

This study considers the effect of household tobacco expenditure on food consumption in Tanzania. The study hypothesizes that the majority of Tanzanians belong to a low-income group and that any…

This study considers the effect of household cigarette expenditure on food poverty indicators in Tanzania. We first compare expenditure patterns as well as the household size of non-smokers and…

The study attempts to estimate the demand for cigarettes in Tanzania and presents simulation results on the effect of the cigarette excise tax on smoking participation, government revenue, and related…

Single objective approach is most widely used whereas consideration of multiple objectives is the rule rather than an exception in many real life decision-making circumstances. This paper, therefore…

How may environmental regulation affect firm location choice? While this question has generated great research interest from high-standard, industrial economies, in this article we turn the spotlight…

This paper evaluates whether the spirit of capitalism can explain the equity premium puzzle. The spirit of capitalism implies that investors acquire wealth not just for consumption, but also to…