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Economic modeling of Universal Basic Income (UBI) often fails to consider how individuals' utility calculations shift … Utility Functions and Tax Revenue (Neumärker, B., Weinel, J., 2022). We contend that, while traditional fiscal models rely on … an additively separable relationship between consumption and labor, the utility calculation for individuals influenced by …
Persistent link: https://www.econbiz.de/10014540610
violated expected utility theory. Ross (1999) and others presented examples where expected utility maximizers would accept … stronger result than Samuelson's conjecture applies for DARA preferences over wealth. Expected utility maximizers with DARA …
Persistent link: https://www.econbiz.de/10014581438