Search Results - subject:"Utility function"

Gafarov, Bulat - 2015

We find that, for sufficiently risk-averse agents, strict dominance by pure or mixed actions coincides with dominance by pure actions in the sense of Börgers (1993), which, in turn, coincides with the classical notion of strict dominance by pure actions when preferences are asymmetric. Since...

Persistent link: https://www.econbiz.de/10013033724

A Note on Utility-Based Pricing in Models with Transaction Costs

Davis, Mark H. A. - 2015

, specifying the utility function as exponential utility, we deduce the equilibrium in the market with transaction costs. Unlike …

Persistent link: https://www.econbiz.de/10013037020

A Multidimensional Exponential Utility Indifference Pricing Model with Applications to Counterparty Risk

Henderson, Vicky - 2015

This paper considers exponential utility indifference pricing for a multidimensional non-traded assets model subject to intertemporal default risk, and provides a semigroup approximation for the utility indifference price. The key tool is the splitting method, whose convergence is proved based...

Persistent link: https://www.econbiz.de/10013037486

Multiproduct Model Decomposition of Components of Russian GDP

Pilnik, Nikolay - 2015

This paper proposes a method for a multiproduct model decomposition of GDP components by expenditure which allows the use of several different price indices in the same model. The decomposition does not link the products to imports or exports, therefore, it imposes no restrictions on the...

Persistent link: https://www.econbiz.de/10013011568

The Bertrand Paradox, the Useless Auctioneer and the Launhardt Model

Lambertini, Luca; Mosca, Manuela - 2015

utility function for differentiated products, first appearing in Launhardt and then in Bowley. This allows us to point out …

Persistent link: https://www.econbiz.de/10014136804

Confessions of an Internet Monopolist : Demand Estimation for a Versioned Information Good

Chappell, Henry W.; Guimarães, Paulo; Ozturk, Orgul Demet - 2015

-quality configurations. Maximum simulated likelihood (MSL) methods are used to estimate parameters describing the distribution of utility … function parameters across potential buyers of the good. The resulting estimates are used to examine the impact of versioning …

Persistent link: https://www.econbiz.de/10014062741

Bausteine der Nutzenfunktion - Zur Variabilität menschlicher Verhaltensweisen von Gier bis Altruismus

Thießen, Friedrich - 2015

Persistent link: https://www.econbiz.de/10013430799

Remarks on the Afriat's Theorem and the Monge-Kantorovich Problem

Kolesnikov, Alexander; Kudryavtseva, Olga; Nagapetyan, … - 2015

existence of utility function for a given set of choices and prices. The result on existence of a homogeneous utility function …

Persistent link: https://www.econbiz.de/10014158810

A Flexible, Unified, Normalized Euclidean (FUN) Voter Utility Function

Dopp, Kathy Anne; Trautman, Dr. Linda M. - 2015

This paper proposes a new unified voter utility function with both proximity and directional components. This improved … unified spatial voter utility function enables researchers to predict voter choices from survey data and test the relative … utility function is normalized to facilitate comparisons between voter groups and to estimate the likelihood of voting, able …

Persistent link: https://www.econbiz.de/10014162369

Bausteine der Nutzenfunktion : Zur Variabilität menschlicher Verhaltensweisen von Gier bis Altruismus

Thießen, Friedrich - 2015

Persistent link: https://www.econbiz.de/10015203285