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Preference symmetries, partial differential equations, and functional forms for utility
Tyson, Christopher J. - 2013
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. …
Persistent link: https://www.econbiz.de/10009739671
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Welfare as simple(x) equity equivalents
Berger, Loïc; Emmerling, Johannes - 2017
Inequity plays a fundamental role in the evaluation of social welfare in many dimensions.We revisit the concept of inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations (intergenerational equity), using a common framework generalizing the...
Persistent link: https://www.econbiz.de/10011622070
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Value preserving welfare weights for social optimization problems
Anagnostopoulos, Alexis; Cárceles-Poveda, Eva; Tauman, Yair - 2016
Persistent link: https://www.econbiz.de/10011551511
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Eliciting choice correspondences : a general method and an experimental implementation
Bouacida, Elias - 2019
Persistent link: https://www.econbiz.de/10012001477
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Value preserving welfare weights for social optimization problems
Anagnostopoulos, Alexis; Cárceles-Poveda, Eva; Tauman, Yair - 2018
Persistent link: https://www.econbiz.de/10011893514
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Why the linear utility function is a risky choice in discrete-choice experiments
Sennhauser, Michèle - 2010
This article assesses how the form of the utility function in discrete-choice experiments (DCEs) affects estimates of … willingness-to-pay (WTP). The utility function is usually assumed to be linear in its attributes. Non-linearities, in the guise of … linear utility function can be a risky choice in DCEs. For this purpose, a DCE conducted in Switzerland to assess preferences …
Persistent link: https://www.econbiz.de/10008702182
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A causal interpretation of extensive and intensive margin effects in generalized tobit models
Staub, Kevin E. - 2010
The usual decomposition of effects in corner solution models into extensive and intensive margins is generally incompatible with a causal interpretation. This paper proposes a decomposition based on the joint distribution of potential outcomes which is meaningful in a causal sense. The...
Persistent link: https://www.econbiz.de/10008702291
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Individual and aggregate constrained efficient intertemporal wedges in dynamic Mirrleesian economies
Chen, Yunmin; Chien, YiLi; Yang, C. C. - 2016
Persistent link: https://www.econbiz.de/10011537980
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Pessimistic beliefs under rational learning : quantitative implications for the equity premium puzzle
Guidolin, Massimo (contributor) - 2005
requiring a strong curvature of the utility function. Simulations reveal that other moments of equilibrium asset returns are …
Persistent link: https://www.econbiz.de/10002917582