... decision-making Public health strategy C61 H12 I18 Health economics operates within an environment characterized by uncertainty, in which decision-makers face various risks and unknown outcomes. Traditional economic models often struggle to capture the complexities of decision-making under...

... equilibrium and traps Endogenous fluctuations C61 D24 E32 O40 Within this framework, theoretical and empirical analyses often describe aggregate production by means of the Cobb–Douglas production function. While this assumption has the advantage of allowing the economy convergence...

... 2020 24 08 2020 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Borrowing household Saving household Household behavior Consumer default Optimal consumption C61 D11 E21 It is widely recognized that the recent financial...