Search Results - subject:"utility function"

Utility Maximisation with Proportional Transaction Costs

Campi, Luciano - Université Paris-Dauphine (Paris IX) - 2009

proportional transaction costs. The investor’s preferences are represented by a smooth, multivariate utility function, allowing for … asymptotic satiability of the value function include reasonable asymptotic elasticity of the utility function, or a growth … a terminal liquidation utility function, and that both problems have a common optimizer. …

Persistent link: https://www.econbiz.de/10011071836

Multi-period multi-product inventory control with substitution and an exponential criterion

Wang, Xiaomin; Xu, Yifan - In: International Journal of Revenue Management 3 (2009) 4, pp. 333-353

that combines inventory management with risk analysis. Specifically, the exponential utility function is used in the model …

Persistent link: https://www.econbiz.de/10005048677

Multi-period multi-product inventory control with substitution and an exponential criterion

Wang, Xiaomin; Xu, Yifan - In: International Journal of Revenue Management 3 (2009) 4, pp. 333-353

that combines inventory management with risk analysis. Specifically, the exponential utility function is used in the model …

Persistent link: https://www.econbiz.de/10008539505

A tractable alternative to Cobb-Douglas utility for imperfect competition

Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 2000

This paper proposes a tractable alternative to Cobb-Douglas utility to resolve the problems of lack of reservation price and income effects in demand functions derived from Cobb-Douglas utility or quasilinear utility. Another advantage of this alternative is that it provides a closed-form...

Persistent link: https://www.econbiz.de/10010541794

A tractable alternative to Cobb-Douglas utility for imperfect competition

Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 2000

Persistent link: https://www.econbiz.de/10008867266

A contribution to theory of utility functions

Vaněčková, Eva - In: Acta Universitatis Bohemiae Meridionales 3 (2000) 2, pp. 29-34

The paper deals with two specific types of utility functions displaying decision maker's risk aversion at expressing the utility of monetary values. These functions are following: w(c) = 1 – e-x/R, u(x) = ln(x + R), where x is a monetary value and R is a constant expressing the degree of risk...

Persistent link: https://www.econbiz.de/10010638329