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symmetry if the latter is generated by a field. Moreover, solving the PDEs yields the functional form for utility equivalent to …, multivariate separability, and homogeneity, including the cases of Cobb-Douglas and CES utility. …
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We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
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populated by both standard expected utility maximizers and ambiguity-averse investors who trade in the market for a risky asset … performance of individual securities. Risk premia (spreads) increase with the proportion of traders in the market who are averse …
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