utility maximizing consumer is a raise. That is why the Utility Bounce Back (UBB) Hypothesis is proposes that your utility …-level. It is a seemingly simple theory while taking a subtle approach to propose a new way in which austerity measures, that …, austerity measures, and other interventions that reduce consumer utility can be carried out leaving the consumer more satisfied …

This paper studies a bilateral risk-sharing problem where both agents are rank-dependent utility maximizers. The market …