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Most studies (e. g., [3, 4, 8, 10, 21, 34]) are based on disaggregate discrete choice modelling of household behaviour.
From this evaluation, we conclude that current HSEMs are lacking in transparency and modularity, they are limited in their scope and employ simplistic models that limit their utility; in particular, relating to the modelling of heat flow and in the modelling of household behaviours relating to investment decisions and energy using practices.
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This modelling of households as being risk-averse but able to borrow and save against periods of anticipated and unanticipated low income is the key difference in our framework, compared to Erosa et al. (2010) and Lalive et al. (2014).
We present two economical models: a 'cake-eating' problem and a simple model of household consumption.
We do not use an explicit (structural) model of household decision-making either.
In Section 4 we apply the results of time scales optimal control to a simple model of household consumption.
In this study, the time required for freezing and thawing different meat products was determined for five different models of household refrigerators.
These results are also consistent with the traditional model of household decision making reported by (Doss and McPeak (2005)), where husbands make decisions about herd management, in the best interest of the herd and family.
The authors explore this issue by developing a theoretical model of household decision-making that assesses how lack of knowledge and self-control problems affect individual behavior related to food consumption, which later leads to weight problems and obesity.
The single decision maker assumption, which is fundamental to the standard unitary model of household behavior, is associated with the theoretical implication that observed demand or labor supply should satisfy the well-known Slutsky conditions.
This paper explores these issues by developing a simple theoretical model of household decision-making to assess how lack of knowledge along with self-control issues affect people's behavior related to food consumption, which later leads to weight problems and obesity.
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