Search Results - subject:"Cobb–Douglas utility function"

Real balances in the utility function: evidence for Brazil

Alencar, Leonardo Soriano de (contributor); … - 2003 - [Elektronische Ressource]

estimates for the Cobb-Douglas utility function as well as the results of the same robustness checks. None of the estimations ….9808], [0.0146, 0.0165], and [1.3106, 1.4045]. TABLE 4 Parameters Estimates from a Cobb-Douglas Utility Function Interest … Estimates from a Cobb Douglas Utility Function [ Different weighting matrices – Interest rate: CD ] Approach β α γ T×J ABP 0 …

Persistent link: https://www.econbiz.de/10001743283

Concavity of utility, concavity of welfare, and redistribution of income

Kaplow, Louis - 2003

Persistent link: https://www.econbiz.de/10001793725

Multiplicative background risk

Franke, Günter (contributor); … - 2003

Persistent link: https://www.econbiz.de/10002610486

The law of demand versus diminishing marginal utility

Beattie, Bruce R. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001921550

Comparative statics with concave and supermodular functions

Quah, John K.-H. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001876351

A utility-based welfare criterion in a model with endogenous capital accumulation

Edge, Rochelle M. - 2003

Persistent link: https://www.econbiz.de/10001883656

I'll See it When I Believe it ? A Simple Model of Cognitive Consistency

Yariv, Leeat - 2003

Psychological experiments demonstrate that people exhibit a taste for consistency. Individuals are inclined to interpret new evidence in ways that confirm their pre-existing beliefs. They also tend to change their beliefs to enhance the desirability of their past actions. I present a model that...

Persistent link: https://www.econbiz.de/10014120189

Believe and Let Believe : Axiomatic Foundations for Belief Dependent Utility Functionals

Yariv, Leeat - 2003

A large body of experimental data demonstrates that people's beliefs influence their well-being beyond the indirect effect through the actions taken. I present a model that incorporates beliefs into an agent's utility function. The paper provides axiomatic foundations for a special class of...

Persistent link: https://www.econbiz.de/10014121721

Inequality and Happiness : Are Europeans and Americans Different?

Alesina, Alberto; Di Tella, Rafael; MacCulloch, Robert - 2003

We study the effect of the level of inequality in society on individual well being using a total of 123,668 answers to a survey question about ?happiness?. We find that individuals have a lower tendency to report themselves happy when inequality is high, even after controlling for individual...

Persistent link: https://www.econbiz.de/10014122345

Compromises between Cardinality and Ordinality in Preference Theory and Social Choice

Mandler, Michael - 2003

By taking sets of utility functions as a primitive description of agents, we define an ordering over assumptions on utility functions that gauges their implicit measurement requirements. Cardinal and ordinal assumptions constitute two types of measurement requirements, but several standard...

Persistent link: https://www.econbiz.de/10014125042