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In this paper we compare the new satisfaction evaluation approach, developed in the nineties by Oswald, Clark, Blanchflower and others with the older income evaluation (IEQ) approach, developed by Van Praag and Kapteyn in the seventies of the previous century. We find that both approaches yield...
Persistent link: https://www.econbiz.de/10010261209
In this paper we compare the new satisfaction evaluation approach, developed in the nineties by Oswald, Clark, Blanchflower and others with the older income evaluation (IEQ) approach, developed by Van Praag and Kapteyn in the seventies of the previous century. We find that both approaches yield...
Persistent link: https://www.econbiz.de/10010261911
In this paper we compare the new satisfaction evaluation approach, developed inthe nineties by Oswald ,Clark , Blanchflower and others with the older incomeevaluation (IEQ) approach, developed by Van Praag and Kapteyn in theseventies of the previous century. We find that both approaches yield...
Persistent link: https://www.econbiz.de/10010325594
We provide characterizations of preferences representable by a Cobb-Douglas utility function. …
Persistent link: https://www.econbiz.de/10010281260
In most economics textbooks there is a gap between the non-existence of utility functions and the existence of … continuous utility functions, although upper semi-continuity is sufficient for many purposes. Starting from a simple constructive … the existence of upper semi-continuous utility functions on a wide class of domains. Although links between utility theory …
Persistent link: https://www.econbiz.de/10010281322
We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We apply a …
Persistent link: https://www.econbiz.de/10010397965
interpretation of the empirical results is that the indifference curves for religiosity and other commodities of the utility function …
Persistent link: https://www.econbiz.de/10010289012
interpretation of the empirical results is that the indifference curves for religiosity and other commodities of the utility function …
Persistent link: https://www.econbiz.de/10010293520
asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the …
Persistent link: https://www.econbiz.de/10010268569
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10010269097