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This Element seeks to provide an in-depth survey of the papers written on the optimal taxation of the incomes of the members of family households, as opposed to households with just a single individual, over the period beginning with the early 1980s and ending in the late 2010s.This literature, solidly within the public finance tradition, is not large, and so the Element gives quite a full exposition and discussion of the main contributions. The papers are grouped according to the type of tax system they have dealt with: linear, piecewise linear and non-linear taxation.
This study examines the role of art as a crucible of capital and property during the First World War and constructs a large-scale historical narrative of European auctions held between 1910 and 1925. By combining sources such as auction reports, newspaper articles, caricatures, individual memoirs, and financial and legal documents with an analysis of art prices, this study allows for making new observations about the evolution of European art markets, their disruption by the events of the First World War, and their transnational entanglements. Far from focusing solely on reconstructing the collecting patterns of prominent individuals or shedding light on specific histories of appropriation and looting, this book explores broader cultural and social developments across the British, French, and German art markets and their milieus and also touches upon trade spheres such as Italy, Switzerland, the Netherlands, Scandinavia, and Russia. While the First World War has often been neglected in scholarly studies as a phase of stagnation and stasis, this study shows that it had a disruptive impact on the art trade in the twentieth century and introduces a new transnational methodology for historical inquiries into cultural and artistic markets.
This chapter analyses the auction milieu’s cultural responses to war-induced developments. Within societies deeply entrenched in the mentality of mobilisation and sacrifice, the commercialisation of art stirred moral apprehensions, feelings of possession, and envy, both among the general public and within the art industry. Debates on nouveaux riches and profiteers underscored the construction of antagonist figures during the war, highlighting threats to the market from both external and internal forces. The widespread destruction of heritage also catalysed nationalist feelings, deepening the cultural fragmentation of a formerly integrated trade sphere. By scrutinising the biographies of dealers, examining art’s vulnerability in wartime upheaval, and exploring the interplay between art and finance, this chapter also outlines how the war acted on the tensions characteristic of each market and brought them to a conflagration.
We performed a field experiment in Uruguay in which a 20-year-old chooses between a socially visible and a non-socially visible good after a friend randomly received one of these goods or an unknown one. We find no differences in choices when the friend received the nonvisible good instead of the unknown one. However, decision-makers significantly changed their allocation when their friend received the visible good. Consistent with status concerns driving the results, those in a disadvantaged position consumed more and those in an advantaged position consumed less of the visible good. These findings constitute the first experimental evidence of Duesenberry’s demonstration effects and show that status consumption is a relevant phenomenon among the youth in a developing country setting.
In this article, we study an optimization problem for a couple including two breadwinners with uncertain life times. Both breadwinners need to choose the optimal strategies for consumption, investment, housing, and life insurance purchasing to maximize the utility. In this article, the prices of housing assets and investment risky assets are assumed to be correlated. These two breadwinners are considered to have dependent mortality rates to include the breaking heart effect. The method of copula functions is used to construct the joint survival functions of two breadwinners. The analytical solutions of optimal strategies can be achieved, and numerical results are demonstrated.
Since 2000, the driving force behind China's booming food industries has shifted from state planning to consumer demand. This shift has powered the growing importance of food branding, as consumers rely increasingly on known brands in the search for safe and wholesome food. While earlier eras of food branding strongly favored multinationals like Coca Cola and Nestlé, Chinese brands appear to be gradually regaining the trust of consumers, who increasingly rely on online ecosystems that seamlessly combine ecommerce, e-payment and home delivery into a self-contained purchasing environment. The 2019 Food and Beverage Innovation Forum suggests that future trends may include increasing reliance on data informatics, a domestic shift to focus on free spending GenZ consumers, and branded export of China's unique strength in logistics.
Public spaces, as places of consumption, are windows onto unequal economic structures. In this chapter, I discuss different aspects of real and perceived inequalities in Tehran. I demonstrate that massive structural changes, such as the expansion of infrastructure and public transportation, have facilitated access to different parts of Tehran and a more equal experience of the city, yet different forms of inequality persist and are reproduced. Many public spaces offer a variety of opportunities for using space, ranging from walking in a public park to eating in high-end restaurants, all in very close proximity. Depending on what can be consumed and where it happens, public spaces bring inequalities to the fore as different groups often segregate within the same public space, following patterns that usually correlate with their ability to pay for products and services. Thus, in Tehran, as much as urban development may appear to work as an equalizer – bringing different socioeconomic groups together in newly shared public spaces – it highlights economic and social inequalities and makes disparities even more visible.
Surveillance of antimicrobial consumption (AMC) is essential to anticipate and inform policies and public health decisions to prevent and/or contain antimicrobial resistance (AMR). This manuscript shares the experience on AMC data collection in Latin American & Caribbean (LAC). The WHO GLASS-AMC methodology for AMC surveillance was used for data registration during the period 2019–2022. Focal points belonging to each country were contacted and trained for AMC source of information detection, managing registration tools, and data analysis. Thirteen countries were enrolled with significant heterogeneity in the AMC results (range 2.55–36.26 DID-AMC). This experience reflects the heterogeneity of realities in LAC countries; how each one of the nations selected the best sources to collect AMC data, which were the main problems in applying the WHO-AMC collection tool, and the approach that each country gave to the analysis of its data. Finally, some examples are provided on the use of AMC information in making the best decision-making related to AMR control policies at the national level.
The Introduction defines the book’s major concepts, such as belonging with, elucidates its major keywords – movement, listening, radiance, resuscitating, restoring, and recycling, and explains its foundational ideas and methodology. These intertwine feminist, historical, ecological, and subject–object analyses to underpin how diminishing women and objects is a related activity. Second, it establishes how texts heal injurious mergings between women and matter and jettison the supposed “female virtues” – dissimulation and passivity – in order to embrace actual ethical beliefs and independence, reconnect women’s corporeality, reason, spirit, sexuality, and virtue, rendering these cooperating, rather than sparring, bodies. Third, it argues that these materialist ethics reveal how consumption can be constructive, a finding that disputes mainstream concerns that women were merely thoughtless consumers. Finally, it illuminates how the political and personal need to incarnate ideals by rendering concrete such abstractions as the “rights of man” entwines with gender debates and subject–object explorations during the revolutionary years.
Pentecostal charismatic churches that preach prosperity gospel in Zimbabwe have attracted a youthful membership. In the context of a deeply uncertain economic future, young Pentecostal Christians devise performativity strategies for optimizing their chances of converting prosperity gospel into material prosperity. These strategies include sartorial elegance in adorning counterfeit suits, the performance of obedience, and the use of social media technologies. The picture that emerges is a complex and at times contradictory one in which the potential realization of upward spiritual and social mobility rests, ultimately, on the transformative and volatile nature of value. Data for this project was collected in Harare through ethnographic research and interviews over a year-long period.
Although France and Germany would acquire modern industrial economies after 1850, neither was in a position to do so even a few decades earlier. Only the coming of railroads would give either country the kind of national market that was so important in Britain. The same was true for science in France, but not in Germany, for reasons that had to do with the same fragmentation that kept its economy traditional. The impact of railroad construction made up for that absence in making economic transformation possible, so that organizing spheres in accord with principles derived from the activities carried on within them would come as a concomitant of industrial transformation rather than a precondition for it. Its most striking expression would be the organization of national professional organizations, dedicated to giving doctors, engineers, chemists, and academic researchers control over their own domains, and providing essential services for modern industrial societies.
Plebeian Consumers is both a global and local study. It tells the story of how peasants, day workers, formerly enslaved people, and small landholders became the largest consumers of foreign commodities in nineteenth-century Colombia, and dynamic participants of an increasingly interconnected world. By studying how plebeian consumers altered global processes from below, Ana María Otero-Cleves challenges ongoing stereotypes about Latin America's peripheral role in the world economy through the nineteenth century, and its undisputed dependency on the Global North. By exploring Colombians' everyday practices of consumption, Otero-Cleves also invites historians to pay close attention to the intimate relationship between the political world and the economic world in nineteenth-century Latin America. She also sheds light on new methodologies and approaches for studying the material world of men and women who left little record of their own experiences.
Chapter 1 explores how the elites’ economic republican project, based on the modern science of political economy, was closely linked to ordinary people’s desire to consume foreign goods. It explores how for those in power as well as for those seeking recognition as political subjects, ideas and practices of citizenship were inevitably tied to participation as consumers in the marketplace – understood not as a mere container of economic transactions but as a node of complex social processes and a creator of cultural and political activity. By so doing, the chapter reveals that in nineteenth-century Colombia, politics was everywhere, and the marketplace was no exception.
I conclude with a review of my findings in Chapters 3–7. I elucidate the relationship between “oil” and “Islam” and what that relationship teaches us about politics in Gulf monarchies. The overwhelming message is that with their abundant wealth, Gulf rulers have been exploiting not only oil rents but also religious doctrine and its (re-)formulations to function as tools of social management and social control. Their aim is to bolster their authoritarian ambitions: ruling families’ capacity to both dominate and shape their societies and retain their monopoly over resources. For the sake of maintaining – and enriching – dynastic states and constructing the nation, oil and Islam are their principal tools.
Using data from the China Health and Retirement Longitudinal Study, this research investigates how post-retirement employment influences older people’s expenditure in urban China. By broadening the understanding of post-retirement employment behaviour from a consumer welfare perspective, this study expands the literature on retirement consumption and provides theoretical explanations, empirical insights and policy recommendations. The findings reveal that post-retirement employment behaviour reduces urban retirees’ household expenditure and has a more significant effect on men than on women, but this effect diminishes as consumption levels rise. Increasing income, promoting social participation and improving subjective health outcomes are all potential channels through which post-retirement employment can affect consumption. Further analysis shows two main reasons why post-retirement employment reduces older people’s expenditure: first, the increase in subjective health levels resulting from post-retirement employment reduces healthcare expenditure; second, post-retirement employment does not promote social participation and self-rated health for all consumption levels and all genders of retirees – it also decreases expenditure. Preliminary evidence suggests that internet use positively moderates the negative impact of post-retirement employment on older people’s expenditure. These findings provide policy implications for retirement policies and the promotion of the silver economy.
This chapter covers basic concepts in power system operations and electricity markets. Basic concepts of power generation include variable cost, marginal cost, fixed cost, investment cost, the weighted average cost of capital, and the definition of a natural monopoly. Basic concepts of transmission and distribution include a discussion of Ohm’s law, Kirchhoff’s laws, the power flow equations, and the direct current power flow. Basic concepts of consumption include the notion of valuation/marginal benefit, demand functions, demand elasticity, and the value of lost load. The actors of electricity markets are introduced, including transmission/independent system operators, distribution system operators, utilities, load serving entities, retailers, power exchanges, and transmission companies. Reserves and ancillary services are then introduced, and details about the forward-looking and rolling nature of power system operations are discussed. Exchanges and pools are informally defined, and the debate between uniform and pay-as-bid pricing is detailed. A blueprint of a typical electricity markets, with the participating actors and traded products and services, is introduced. The California and Central Western European markets are compared in order to introduce the debate between zonal and nodal pricing, as well as different approaches in pricing.
This paper examines the economic and other social relations that emerged in the colonial landscape of the northern Aegean through a new approach to pottery production, exchange and consumption. Our analytical data about pottery origins allow a new reconstruction of the exchange networks between the northern and central Aegean. The chapter suggests that the gradual increase in non-local pottery use along the northern Aegean shores and certain changes in local pottery production cannot be taken as a result of any growing colonial agency. They are interpreted instead as the low residue of locally driven transformations in the economic organisation of the northern Aegean. The new analytical data support a recently expressed view that these advances represent a pull factor of migration from central Greece towards its so-called northern Aegean periphery.
This paper summarises some of the results obtained from Neutron Activation Analysis of early Greek pottery that was sampled in the Mediterranean. It provides an overview of analytical evidence about the provenance and geochemical clustering of major pottery wares such as the Protogeometric and Geomtric transport amporas and K-22 or common pottery types such as PSC, chevron, Thapsos and Aetos 666 bowls. Their historical implications include aspects of specialisation in pottery production, modes of technology transfer, appropriation and exchange of ‘colonial’ pottery types. Finally, this concluding chapter presents new insights into the economic and cultural relations among remote communities in the Mediterranean, and the chronological implications of our pottery analysis on the correlation of Phoenician and Greek migrations.