Economic modeling of Universal Basic Income (UBI) often fails to consider how individuals' utility calculations shift … Utility Functions and Tax Revenue (Neumärker, B., Weinel, J., 2022). We contend that, while traditional fiscal models rely on … an additively separable relationship between consumption and labor, the utility calculation for individuals influenced by …

We find the asymptotics of the value function maximizing the expected utility of discounted dividend payments of an … initial reserves tend to infinity. We focus on the power and logarithmic utility functions. We also perform some numerical …

under the expected utility theory (EUT) are somewhat subject to context. Other findings imply that the risk premium (RP), as … prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUFs as a suitable …

European discount factors and relative risk aversions for the CRRA utility functions based on the consumption capital asset … therefore the stochastic discount factor for the constant relative risk aversion utility as described in the marginal rate of …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and …. This review is useful to academics for developing cutting-edge treatments of financial theory that EMH, anomalies, and …

Purpose: We aim to generalize the continuous-time principal-agent problem to incorporate time-inconsistent utility …

revenue function for reaching sustainability. Both the principal and the agent have a maximum expected utility in the negative … exponential pattern of the general hyperbolic absolute risk aversion (HARA) utility function that satisfies their respective … considering the effect of risk aversion utility on revenue. The proposed model can provide a fair and feasible approach within the …