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may be used, e.g., in economics: microeconomics, macroeconomics, accounting, econometrics, utility theory; the Internet …
Persistent link: https://www.econbiz.de/10011259835
may be used, e.g., in economics: microeconomics, macroeconomics, accounting, econometrics, utility theory; internet. …
Persistent link: https://www.econbiz.de/10011111785
reliance on Taylor’s approximations and the indirect utility function. …
Persistent link: https://www.econbiz.de/10008633357
The social utility to be optimized is a generalized form of a preference depending additively on consumption at the … different dates of the planning period. The optimization b rattrirted to a set of admissible growth paths defined by production-investment-consumption …
Persistent link: https://www.econbiz.de/10005621632
The Hicks or direct elasticity of substitution is traditionally derived from the production function. This paper …
Persistent link: https://www.econbiz.de/10005616772
complementarity in the production case based on duality, gross and net substitution, elasticity type, and four different basic …
Persistent link: https://www.econbiz.de/10005620043
Since value and utility are the highest profile abstractions that underlie an epoch’s intellectual climate and ethical …-essentialization of value and substantialization of utility. But now the two concepts face a thorough transvaluation as the world …. Such extrapolations form the context in which the fourth historical phase of value and utility is hypothesized, leading to …
Persistent link: https://www.econbiz.de/10011258850
This short paper is devoted to two items: 1) An analysis of Prelec’s weighting function at the probability p = 1 is highlighted (this analysis was performed by R. Duncan Luce in two articles with Ragnar Steingrimsson and János Aczél and here is referred to as the “Luce problem”). 2) The...
Persistent link: https://www.econbiz.de/10011259321
-based measure. However, the role of social inequality in influencing individual’s consumption and inducing greater consumption of … status driven utility function reconciles the conflict between income based and nutrition based measures of poverty. …
Persistent link: https://www.econbiz.de/10009323226
literature. This paper, using a two commodity framework, attempts to show that in presence of inequality, a status driven utility … such a utility function is constructed to analyse the implications of social inequality on relative prices and the emerging …
Persistent link: https://www.econbiz.de/10009323236