Search Results - subject:"Indirect Utility Function"

Generalized marginal rate of substitution in multiconstraint consumer's problems and their reciprocal expenditure problems

Besada, Manuel; García, Javier; Mirás, Miguel; … - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 3, pp. 401-421

The aim of this paper is to explore several features concerning the generalized marginal rate of substitution (GMRS)when the consumers utility maximization problem with several constraints is formulated as a quasi-concave programming problem. We show that a point satisfying the first order...

Persistent link: https://www.econbiz.de/10010317072

Weak Concavity Properties of Indirect Utility Functions in Multisector Optimal Growth Models

Venditti, Alain - HAL - 2011

by an indirect utility function which summarizes the consumers' preferences and the technologies. Weak concavity … assumptions of the indirect utility function allow one to prove differentiability of optimal solutions and stability of steady … function is concave-rho, then the indirect utility function is weakly concave, and its curvature coefficients are bounded from …

Persistent link: https://www.econbiz.de/10010933879

A class of demand systems satisfying global regularity and having complete rank flexibility

McLaren, Keith Robert; Yang, Ou - In: Empirical economics : a journal of the Institute for … 51 (2016) 1, pp. 315-337

Persistent link: https://www.econbiz.de/10011516020

Adaptive Rolling Plans Are Good

Maćkowiak, Piotr - Volkswirtschaftliche Fakultät, … - 2009

concavity of an indirect utility function – this result is achieved just with help of some elementary matrix algebra and …

Persistent link: https://www.econbiz.de/10011258523

DUAL REPRESENTATIONS OF STRONGLY MONOTONIC UTILITY FUNCTIONS

Shah, Sudhir A. - Centre for Development Economics, Delhi School of Economics - 2007

65, D11 Key phrases: Direct utility function, indirect utility function, ex- penditure function, duality, strong … e 2 E⁄⁄ in the utility level. While an indirect utility function v 2 V is non-decreasing in wealth, our results make v 2 … and replace \inf" with \min", thereby making `(u) real-valued. The indirect utility function generated from u is the …

Persistent link: https://www.econbiz.de/10005418928

Empirical Tests of the Refutable Implications of Expected Utility Maximization under Risk

Liu, Yucan; Shumway, C. Richard - 2005

The curvature properties of the indirect utility function imply a set of refutable implications in the form of … risk, but symmetry conditions implied by a twice-continuously-differentiable indirect utility function are rejected. Two …

Persistent link: https://www.econbiz.de/10009442922

Empirical Tests of the Refutable Implications of Expected Utility Maximization under Risk

Liu, Yucan; Shumway, C. Richard - Agricultural and Applied Economics Association - AAEA - 2005

Persistent link: https://www.econbiz.de/10005477018

Consumption (in)efficiency and financial account management

Saygılı, Hülya - In: Bulletin of economic research 64 (2012) 3, pp. 319-333

Persistent link: https://www.econbiz.de/10009674441

About the Right Weight of the Social Welfare Function when Needs Differ.

Trannoy, Alain - Groupement de Recherche en Économie Quantitative … - 2003

When equivalence scales are used to compute the well-being of individuals, two possible weighting methods of the different household types have been proposed, the first one resorts to the family size and the second to the equivalence scale itself. The latter is criticized on the ground that it...

Persistent link: https://www.econbiz.de/10005512018

Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems

Besada, Manuel; García, Javier; Mirás, Miguel; … - In: SERIEs 2 (2011) 3, pp. 401-421

Persistent link: https://www.econbiz.de/10009324937