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equation has a unique utility function solution given a Thompson aggregator. Uniqueness holds only on the interior of the … space of possibly utility functions endowed with the Thompson metric. Concave operator methods work on the possible utility …
Persistent link: https://www.econbiz.de/10012912132
and ends that bank regulation ought to serve. The neoclassical economists' understanding of utility regulation is founded … regulation, with the primary goal being safety and soundness. Utility regulation, going back to its Progressive Era and earlier …. This paper will describe a progressive utility regulation model for banking as an alternative to oligopoly with limited …
Persistent link: https://www.econbiz.de/10012981926
asymmetric and transitive binary relation on the subset can be extended to a utility function on the entire domain. A simple …
Persistent link: https://www.econbiz.de/10012923859
class of extensions which involves an arbitrary function. Similar results are obtained for utility functions that represent …
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, is logically equivalent to AE and WARP. We propose a new notion of rationalization by means of a price-dependent utility …
Persistent link: https://www.econbiz.de/10012930018
, equivalently: (a) a strictly increasing cost of information acquisition; (b) for a given prior, the expected utility from a …
Persistent link: https://www.econbiz.de/10012899700
While many theoretical works, particularly in Family Economics, rely on the Transferable Utility (TU) assumption, its …
Persistent link: https://www.econbiz.de/10012415404
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