functional forms of demand that this property implies when demand is rational, i.e., derived from utility maximization … indirect utility as an additional aggregator. We provide examples and applications which encompass a large variety of examples …

' choices. Because social recognition generates utility from esteem to some but disutility from shame to others, it can be … either positive-sum, zero-sum, or negative-sum. This depends on whether the social recognition utility function is convex … find that the social recognition utility function is significantly concave and thus generates deadweight loss. If our …

present paper evaluates these approaches, comparing the CES gains to those obtained using a quadratic utility function using … than those obtained using the quadratic utility function …

wealth into the utility function; the justification is that wealth is a marker of social status, and people value status …. Since people partly save to accrue social status, the Euler equation is modified. As a result, when the marginal utility of …

such demand systems are integrable, i.e. can be derived from the maximization of a well-behaved utility function. This …

Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility … robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …