rationing depends negatively on the buyer-seller ratio and positively on the concavity of the buyer's utility function …

to derive optimal asset allocation and consumption. However, and contrary to the indirect utility function, the direct … utility function does not describe the risk aversion of agents at optimum. To correct his flaw, we propose a dynamic asset … allocation setting where the input is the indirect utility function. In this economically sound framework, optimal consumption …

this person's risk-taking behavior differ if the utility of another person does not enter his utility function? Does being … by a logarithmic utility function, I show that an altruistic person who is an active donor (benefactor) is less risk …

-creation data from full circulation. This study establishes the utility function of users under three choices-purchase, sale, and …