In this paper we propose a particular approach to measuring utility of income. To this end we develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. The theoretical approach is based on ideas and principles...

In this paper we propose a particular approach to measuring utility of income. To this end we develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. The theoretical approach is based on ideas and principles...

In this paper we propose a particular approach to measuring utility of income. To this end we develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. The theoretical approach is based on ideas and principles...

In this paper we propose a particular approach to measuring utility of income. To this end we develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. The theoretical approach is based on ideas and principles...

This paper considers the asymptotic properties of some unit root test statistics with the errors belonging to the domain of attraction of a symmetric α-stable law with 0 α 2. The results obtained can be viewed as a parallel extension of the asymptotic results for the finite-variance case....

The Robbins-Monro procedure for recursive estimation of a zero point of a regression function f is investigated for the case f defined on and with values in the space D[0, 1] of real-valued functions on [0, 1] that are right-continuous and have left-hand limits, endowed with Skorohod's...