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Increasing quasiconcave production and utility functions with diminishing returns to scale

Juan Enrique Mart?ez-Legaz; Rubinov, Alexander M.; … - Departament d'Economia i Història Econòmica, … - 2003

properties of increasing quasiconcave aggregator functions with DRS are derived. Furthermore duality in the classical sense as …

Persistent link: https://www.econbiz.de/10005823934

Generalized Lebesgue Spaces and Application to Statistics

Zhu, Huaiyu - Santa Fe Institute - 1998

Statistics requires consideration of the ``ideal estimates'' defined through the posterior mean of fractional powers of finite measures. In this paper we study , the linear space spanned by th power of finite measures, . It is shown that generalizes the Lebesgue function space , and shares most...

Persistent link: https://www.econbiz.de/10005837735

DUAL REPRESENTATIONS OF STRONGLY MONOTONIC UTILITY FUNCTIONS

Shah, Sudhir A. - Centre for Development Economics, Delhi School of Economics - 2007

duality results. …

Persistent link: https://www.econbiz.de/10005418928

UTILITY THEORY FRONT TO BACK — INFERRING UTILITY FROM AGENTS' CHOICES

COX, ALEXANDER M. G.; HOBSON, DAVID; OBłÓJ, JAN - In: International Journal of Theoretical and Applied … 17 (2014) 03, pp. 1450018-1

We pursue an inverse approach to utility theory and associated consumption and investment problems. Instead of specifying a utility function and deriving the actions of an agent, we assume that we observe the actions of the agent (i.e. consumption and investment strategies) and ask if it is...

Persistent link: https://www.econbiz.de/10011011292

AN EXAMINATION OF BOARD AND FIRM PERFORMANCE: EVIDENCE FROM TAIWAN

Lin, Chang-Jui - In: The International Journal of Business and Finance Research 5 (2011) 4, pp. 17-34

This article discusses the impact of duality and board structure in corporate governance on corporate performance. The … impact on corporate performance. Similar results were achieved using ROA and ROE for analysis. Duality, board size, and … inside directors had a positive impact on ROA and ROE. The analysis of large companies showed duality, board size, and family …

Persistent link: https://www.econbiz.de/10011206052

Stochastic frontier models

Wang, Hung-Jen - Volkswirtschaftliche Fakultät, … - 2006

The stochastic frontier model was first proposed in the context of production function estimation to account for the effect of technical inefficiency. The inefficiency causes actual output to fall below the potential level (that is, the production frontier) and also raises production cost above...

Persistent link: https://www.econbiz.de/10009025317

On the Relative Importance of Duration Constraints

Paroush, Jacob; Prisman, Eliezer Z. - In: Management Science 43 (1997) 2, pp. 198-205

This paper uncovers an implicit assumption, and its implications, made in the process of maximizing yield (or minimizing costs) subject to the duration constraints. Using linear programming results, it is shown that this technique is sensible only if the yield of a bond is a linear function of...

Persistent link: https://www.econbiz.de/10009214769

Expected Utility, Penalty Functions, and Duality in Stochastic Nonlinear Programming

Ben-Tal, Aharon; Teboulle, Marc - In: Management Science 32 (1986) 11, pp. 1445-1466

problem of (CE-P) is studied (for problems with stochastic righthand sides in the constraints) and a comprehensive duality …

Persistent link: https://www.econbiz.de/10009218346

Why people reach intermediate agreements? Axiomatic and strategic justifications

Gómez, José M. Jiménez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010

As Roemer (1986) points out, things become more interesting once we include information. In this paper, following the line started by Jiménez-Gómez and Marco-Gil (2008), we define both a lower and an upper bounds on awards in the framework of the Lorenz-Bifocal Bankruptcy Problem (Gadea et al....

Persistent link: https://www.econbiz.de/10008678231

Ordinal efficiency under the lens of duality theory

Athanassoglou, Stergios - Volkswirtschaftliche Fakultät, … - 2010

An allocation's ordinal efficiency deficit (OED) is defined as the greatest ordinal efficiency loss that can result from its application. More precisely, an allocation's OED is the negative of the greatest total amount by which it may be stochastically dominated by another feasible allocation....

Persistent link: https://www.econbiz.de/10008694148

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