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From preferences to Cobb-Douglas utility
Voorneveld, Mark - 2008
We provide characterizations of preferences representable by a Cobb-Douglas utility function.
Persistent link: https://www.econbiz.de/10010281260
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Outer measure and utility
Voorneveld, Mark; Weibull, Jörgen W. - 2008
approach for countable domains and combining this with basic measure theory, we obtain necessary and sufficient conditions for … the existence of upper semi-continuous utility functions on a wide class of domains. Although links between utility theory … and measure theory have been pointed out before, to the best of our knowledge this is the first time that the present …
Persistent link: https://www.econbiz.de/10010281322
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The economics of bank supervision
Eisenbach, Thomas M.; Lucca, David O.; Townsend, Robert M. - 2016
We study bank supervision by combining a theoretical model that distinguishes supervision from regulation and a novel dataset on work hours of Federal Reserve supervisors. We highlight the trade-offs between the benefits and costs of supervision and use the model to interpret the relationship...
Persistent link: https://www.econbiz.de/10011537999
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The reproductive value in distributed optimal control models
Wrzaczek, Stefan; Kuhn, Michael; Prskawetz, Alexia; … - 2009
We show that in a large class of distributed optimal control models (DOCM), where population is described by a McKendrick type equation with an endogenous number of newborns, the reproductive value of Fisher shows up as part of the shadow price of the population. Depending on the objective...
Persistent link: https://www.econbiz.de/10010352558
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - 2008
A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...
Persistent link: https://www.econbiz.de/10011390633
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Age-Differentiated QALY Losses
van Praag, Bernard M. S.; Ferrer-i-Carbonell, Ada - 2001
In this paper we evaluate the QALY losses, which are linked to the prevalence of specific chronic illnesses and impediments. The analysis is based on the individual self-rating health satisfaction question asked in the British Household Panel Survey data set. Our method is a refinement of the...
Persistent link: https://www.econbiz.de/10010276959
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Age-differentiated QALI Losses
van Praag, Bernard M.S.; Ferrer-i-Carbonell, Ada - 2002
In this paper we evaluate the QALY loss, which may be assigned to the prevalence of specific chronic illnesses and physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British Household Panel Survey data set. This question provides a...
Persistent link: https://www.econbiz.de/10010324736
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Wages, rents and heterogeneous moving costs
Krupka, Douglas J.; Donaldson, Kwame - 2007
The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...
Persistent link: https://www.econbiz.de/10010268206
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Costs and quality of life associated with osteoporosis related fractures: Results from a Swedish survey
Zethraeus, Niklas; Borgström, Fredrik; Johnell, Olof; … - 2002
There are few studies investigating the consequences of osteoporotic (low bone density) fractures in terms of costs and health outcomes. The purpose of this Swedish pilot study is to assess the costs and quality of life related to fractures of the hip, spine, wrist and shoulder and further to...
Persistent link: https://www.econbiz.de/10010281361
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Measuring Time Use in Surveys: How Valid Are Time Use Questions in Surveys? Concordance of Survey and Experience Sampling Measures
Sonnenberg, Bettina; Riediger, Michaela; Wrzus, Cornelia; … - 2011
Since it is still unclear to what extent time allocation retrospectively reported in questionnaires, reflects people's actual behavior, examining the accuracy of responses to time use survey questions is of crucial importance. We analyze the congruence of time use information assessed through...
Persistent link: https://www.econbiz.de/10011601032