Search Results - subject:"Elasticity of Marginal Utility"

The elasticity of marginal utility of income for distributional weighting and social discounting : a meta-analysis

Acland, Daniel; Greenberg, David H. - In: Journal of benefit-cost analysis : JBCA 14 (2023) 2, pp. 386-405

Persistent link: https://www.econbiz.de/10014436881

New estimate of the elasticity of marginal utility of consumption for Europe: Implications for the social discount rate

Ščasnýa, Milan; Opatrný, Matěj - 2022

We provide the first estimate of the elasticity of marginal utility of consumption, μ, for Europe and for thirty …

Persistent link: https://www.econbiz.de/10014494983

New estimate of the elasticity of marginal utility of consumption for Europe : implications for the social discount rate

Ščasnýa, Milan; Opatrný, Matěj - 2022

We provide the first estimate of the elasticity of marginal utility of consumption, μ, for Europe and for thirty …

Persistent link: https://www.econbiz.de/10013461083

Elasticity of Marginal Utility of Consumption: The Equal-Sacrifice Approach Applied for the Czech Republic

Opatrny, Matej; Scasny, Milan - 2021

We provide the first estimate of the elasticity of marginal utility of consumption, η, for a post … varies between 1.24 and 1.42 within the study period that covers 2005-2019. Moreover, the estimate of elasticity of marginal … utility of consumption differs between various income groups and employment status. Importantly, the magnitude of &#x03b7 …

Persistent link: https://www.econbiz.de/10012695521

Elasticity of marginal utility of consumption : the equal-sacrifice approach applied fot the Czech Republic

Opatrny, Matej; Scasny, Milan - 2021

We provide the first estimate of the elasticity of marginal utility of consumption, η, for a post-transition economy in ….42 within the study period that covers 2005-2019. Moreover, the estimate of elasticity of marginal utility of consumption …

Persistent link: https://www.econbiz.de/10012432235

Mean-spirited growth

Turk, Zachary; Groom, Benjamin; Fenichel, Eli - 2020

Persistent link: https://www.econbiz.de/10012306804

Money flexibility, price elasticity, and elasticity of marginal utility of consumption

Malakhov, Sergey - Volkswirtschaftliche Fakultät, … - 2014

The development of G.Stigler’s original model of search describes the mathematical relationship between the elasticity of the marginal utility of consumption, the price elasticity, and the elasticity of the marginal utility of money income with respect to increase in the price of living and/or...

Persistent link: https://www.econbiz.de/10011112849

Pollution-Income Dynamics

López, Ramón E.; Yoon, Sang W. - Department of Agricultural and Resource Economics, … - 2014

This paper shows that the dynamic properties of the pollution-income relationship under an optimal pollution tax depends on three key factors, namely the degree of temporal and inter-temporal flexibility in consumption and the elasticity of substitution among production inputs. This paper...

Persistent link: https://www.econbiz.de/10011069695

Bounding the CRRA Utility Functions

Suen, Richard M. H. - Department of Economics, University of California-Riverside - 2009

The constant-relative-risk-aversion (CRRA) utility function is now predominantly used in quantitative macroeconomic studies. This function, however, is not bounded and thus creates problems when applying the standard tools of dynamic programming. This paper devises a method for "bounding" the...

Persistent link: https://www.econbiz.de/10005006780

Bounding the CRRA Utility Functions

Suen, Richard M. H. - Volkswirtschaftliche Fakultät, … - 2009

Persistent link: https://www.econbiz.de/10005835410