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The marginal utility of income
Layard, Richard; Mayraz, Guy; Nickell, Stephen J - London School of Economics (LSE) - 2007
In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …
Persistent link: https://www.econbiz.de/10011071383
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The Marginal Utility of Income
Layard, Richard; Mayraz, Guy; Nickell, Stephen - Centre for Economic Performance, LSE - 2007
In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …
Persistent link: https://www.econbiz.de/10005796149
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The Marginal Utility of Income
Layard, Richard; Mayraz, Guy; Nickell, Stephen J. - Forschungsbasierte Infrastruktureinrichtung … - 2007
In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …
Persistent link: https://www.econbiz.de/10005018703