Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2008
demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi … reality to feelings. The ‘happiness’
literature claims we have demonstrated diminishing marginal utility of income. I show …, D1
Keywords: money, diminishing marginal utility, height, concavity
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Andrew J. Oswald …