Ghosal, Sayantan (contributor); … - 2007
of St
Andrews, St Andrews, KY16 9AL. E-mail: kt30@st-andrews.ac.uk.
CASTLECLIFFE, SCHOOL OF ECONOMICS & FINANCE …, UNIVERSITY OF ST ANDREWS, KY16 9AL
TEL: +44 (0)1334 462445 FAX: +44 (0)1334 462444 EMAIL: cdma@st-andrews.ac.uk
www.st-andrews.ac.uk … exist
another utility pair (u0E;u0P) 2 such that u0E > uE and u0P > uP. Note that
w eff.
8
uGN : !<2, de�ned as …