Search Results - subject:"Utility functions"

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Optimal Risk Sharing for Law Invariant Monetary Utility Functions

Jouini, Elyès; Schachermayer, Walter; Touzi, Nizar - HAL - 2007

law-invariant monetary utility functions or equivalently, law-invariant risk measures. We first prove existence of an … characterization in the case where both agents' utility functions are comonotone. The general form of the optimal contracts turns out … the robustness of this type of contracts to more general utility functions, we introduce a new notion of strict risk …

Persistent link: https://www.econbiz.de/10008793978

On multiattributive risk aversion: some clarifying results

Dorfleitner, Gregor; Krapp, Michael - In: Review of Managerial Science 1 (2007) 1, pp. 47-63

Persistent link: https://www.econbiz.de/10008515468

The Information Basis of Matching with Propensity Score

Maasoumi, Esfandiar; Eren, Ozkan - Southern Methodist University, Department of Economics - 2006

This paper examines the foundations for comparing individuals and treatment subjects in experimental and other program evaluation contexts. We raise the question of multiattribute "characterization" of individuals both theoretically and statistically. The paper examines the information basis of...

Persistent link: https://www.econbiz.de/10005609465

Remarks on Afriat’s theorem and the Monge–Kantorovich problem

Kolesnikov, Alexander V.; Kudryavtseva, Olga V.; … - In: Journal of Mathematical Economics 49 (2013) 6, pp. 501-505

The famous Afriat’s theorem from the theory of revealed preferences establishes necessary and sufficient conditions for the existence of utility function for a given set of choices and prices. The result on the existence of a homogeneous utility function can be considered as a particular fact...

Persistent link: https://www.econbiz.de/10010875274

A Group Utility Maximizer Mechanism for Land Assembly

Sridhar, Usha; Mandyam, Sridhar - In: The Journal of Real Estate Finance and Economics 47 (2013) 3, pp. 466-488

associate risk-averse utility functions with the sellers. Given a set of reserve prices reported by sellers, and their risk …

Persistent link: https://www.econbiz.de/10010866965

Sweet self-deception

Sommervoll, Dag - In: Journal of Economics 109 (2013) 1, pp. 73-88

People have a tendency to procrastinate when faced with aversive tasks—but they also procrastinate in relation to beneficial matters whose rewards are instantaneous. If agents value present anticipations of future consumption, revision of consumption plans may be viewed as a benign form of...

Persistent link: https://www.econbiz.de/10010987601

Environmental performance—Impacts of vendor–buyer coordination

Chan, Chi Kin; Lee, Y.C.E.; Campbell, J.F. - In: International Journal of Production Economics 145 (2013) 2, pp. 683-695

Effective coordination is a hallmark of successful supply chain management. Without such coordination, vendors and buyers will act independently to make decisions that optimize their own objectives (e.g., maximize their respective profits or minimize their costs). This non-coordinated approach...

Persistent link: https://www.econbiz.de/10011043348

A global index of riskiness

Schnytzer, Adi; Westreich, Sara - In: Economics Letters 118 (2013) 3, pp. 493-496

We extend the pioneering work of Aumann–Serrano by presenting an index of riskiness for gambles with either positive or negative expectations. It can be of use for a variety of abstract behaviors, when adapting the framework of either Expected-Utility Theory or Prospect Theory.

Persistent link: https://www.econbiz.de/10010688077

A group utility maximizer mechanism for land assembly

Sridhar, Usha; Mandyam, Sridhar - In: The journal of real estate finance and economics 47 (2013) 3, pp. 466-488

Persistent link: https://www.econbiz.de/10010200514

Modeling hedge fund leverage via power utility with subsistence

Morton, David P.; Popova, Ivilina - In: Journal of derivatives & hedge funds 19 (2013) 2, pp. 77-85

Persistent link: https://www.econbiz.de/10010209502