Similar Search Results

Schmidt, Klaus M. - 2010

met: separability of preferences and completeness of contracts. These conditions are often plausible, but they fail to …

Persistent link: https://www.econbiz.de/10010427563

A Dual Approach to Ambiguity Aversion

Bommier, Antoine - 2014

In this paper, the assumption of monotonicity of Anscombe and Aumann (1963) is replaced by a weaker assumption of monotonicity with respect to first order stochastic dominance. I derive a representation result where ambiguous distributions of objective beliefs are first aggregated into...

Persistent link: https://www.econbiz.de/10011753271

A Taxonomy of Myopic Stability Concepts for Hedonic Games

Dimitrov, Dinko; Sung, Shao Chin - 2006

We present a taxonomy of myopic stability concepts for hedonic games in terms of deviations, and discuss the status of the existence problems of stable coalition tructures. In particular, we show that contractual strictly core stable coalition tructures always exist, and provide su¢ cient...

Persistent link: https://www.econbiz.de/10010312367

How Should Commodities be Taxed? A Counterargument to the Recommendation in the Mirrlees Review

Bastani, Spencer; Blomquist, Sören; Pirttilä, Jukka - 2013

fully subsidises the cost of the good needed for working, then commodity taxation is uniform under the standard separability …

Persistent link: https://www.econbiz.de/10010312858

The marginal utility of money: A modern Marshallian approach to consumer choice

Friedman, Daniel; Sákovics, József - 2011

We reformulate neoclassical consumer choice by focusing on [lambda], the marginal utility of money. As the opportunity cost of current expenditure, [lambda] is approximated by the slope of the indirect utility function of the continuation. We argue that [lambda] can largely supplant the role of...

Persistent link: https://www.econbiz.de/10010288173

Regret in One-Shot and Recurrent Decisions: A Cautionary Tale

Imas, Alex; Lamé, Diego; Wilson, Alistair J. - 2016

Under regret theory, decision-makers derive utility both from the outcome of their chosen action and the counterfactual. Evidence for anticipatory regret aversion has been found in oneshot settings, with ”regret lotteries” that always reveal outcomes, as a counterfactual on non-entry, being...

Persistent link: https://www.econbiz.de/10011522439

Why Variable-Population Social Orderings Cannot Escape the Repugnant Conclusion: Proofs and Implications

Spears, Dean; Budolfson, Mark - 2019

The population literature in theoretical economics has long focused on attempts to avoid the repugnant conclusion. We advance the literature by proving that no social ordering in population economics can escape the repugnant conclusion in all instances. As we show, prior results depend on a...

Persistent link: https://www.econbiz.de/10012141303

Tests for separability and factor market participation in Afghanistan

Ahmadzai, Hayatullah - 2018

test for separability in the household model and analyse household factor market participation in Afghanistan. Estimates of … a household labour demand model and tests for separability reject the null hypothesis that household labour supply and …

Persistent link: https://www.econbiz.de/10012145138

Three Essays on the Demand of Imported and Domestic Meat and Livestock in the United States

Boonsaeng, Tullaya - 2006

focuses on the separability between import and domestic meat demand and the performance of static versus dynamic models of … consumer behavior. A new dynamic system of demand functions is developed and used to test the separability restrictions on U … cattle and the results are similar to prediction from Armington type models even though separability strongly rejected. …

Persistent link: https://www.econbiz.de/10009431270

Social preferences and competition

Schmidt, Klaus M. - 2009

met: separability of preferences and completeness of contracts. These conditions are often plausible, but they fail to …

Persistent link: https://www.econbiz.de/10003935667