wird die Wirkung beider Instrumente auf die Nutzen der Arbeitnehmer und auf die gesamtwirschaftliche Wohlfahrt analysiert … können die Nutzen der Arbeitnehmer und die Beschäftigung im Vergleich zum Referenzfall ohne Eingriff erhöhen. Die Einführung … intervention serves as basing point.Minimum wages as well as wage subsidies can increase employment and the utility of the workers …

aggregate utility in the economy and use it to determine the merits of different macroprudential rules for Euro Area. With the …

preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … reference-dependent preferences to anticipatory utility. A new model of multi-attribute utility in this context is developed and …

requirements for rationality and rational economic decision making; individual utility maximization is divorced from the business …, critical of the psychological explanations favours rational explanations derived from the normative theory of expected utility …

This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It … reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann …-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated as an entropic notion of utility …

is consistent with cost-benefit analysis if the Lifetime utility function is additive over time, multiplicative in the … utility of consumption and the utility of health status, and if the utility of consumption is constant over time. We derive … the conditions under which the lifetime utility function takes this form, both under expected utility theory and under …

/methodology/approach – The paper adopts the conceptual framework of random utility theory via application of a multinomial logit modelling … focussed retail market. Merchandise-related attributes of store formats have a higher impact on the utility formation regarding …

. The decision model explicitly considers the effects that design decisions under uncertainty have on the overall utility of … the design process. These effects are important to consider because, according to Utility Theory, the designer should make … decisions such that the expected utility is maximized. However, a significant portion of the literature neglects the costs of …