The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …

Does removing the constraints of time and place of work increase the utility of workers and firms? We design a …

set of linear inequalities. From this solution he constructed a utility function rationalizing the choices of a …

payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … utility theory. The model explains data 53% better than pure random choices and predicts hours worked in the regular economy …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …