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The Quasilinear Quadratic Utility Model : An Overview
Choné, Philippe - 2019
The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …
Persistent link: https://www.econbiz.de/10012866406
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Risk Matters : Breaking Certainty Equivalence
Parra-Alvarez, Juan Carlos - 2020
In this paper we use the property that certainty equivalence, as implied by a first-order approximation to the solution of stochastic discrete-time models, breaks in its equivalent continuous-time version. We study the extent to which a first-order approximated solution built by perturbation...
Persistent link: https://www.econbiz.de/10012834991
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Perspectives from the happiness literature and the role of new instruments for policy analysis
van Praag, Bernard M. S. - 2007
utility concept, which seems to us the natural consequence of the happiness economics methodology. In Section 5 we sketch how …
Persistent link: https://www.econbiz.de/10010276298
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Household models: an historical perspective
Apps, Patricia; Rees, Ray - 2007
household's preference ordering over the utility profiles of its members depends on exogenous variables, in particular wage …
Persistent link: https://www.econbiz.de/10010264270
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Fair Earnings Tax Reforms
Ooghe, Erwin; Schokkaert, Erik; Serruys, Hannes - 2023
the money-metric utility that the individual currently obtains and the money-metric utility that the individual should …
Persistent link: https://www.econbiz.de/10014290152
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Fair Earnings Tax Reforms
Ooghe, Erwin; Schokkaert, Erik; Serruys, Hannes - 2023
the money-metric utility that the individual currently obtains and the money-metric utility that the individual should …
Persistent link: https://www.econbiz.de/10014262033
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The Value of Technology Improvements in Games with Externalities: A Fresh Look at Offsetting Behavior
Hoy, Michael; Polborn, Mattias - 2014
of precautionary activity and equilibrium utility of players. For mandatory safety technologies, the direction of the …
Persistent link: https://www.econbiz.de/10010398589
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The application of the capability approach to high-income OECD countries: A preliminary survey
Volkert, Jürgen; Schneider, Friedrich G. - 2011
The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income OECD countries. The survey aims at a basis of mutual exchange on relevant CA issues among researchers analyzing well-being in affluent countries. It focuses on CA...
Persistent link: https://www.econbiz.de/10010276728
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Beyond Non-Satiation: Needs and Requirements
Pettini, Anna - 2014
The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is taken as an anthropologic reality. Looking closer to that, we discover that it is taken for granted only in economic theory, and that it has become a reality as a result of a...
Persistent link: https://www.econbiz.de/10010480814
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Intertemporal Utility with Heterogeneous Goods and Constant Elasticity of Substitution
Quaas, Martin F. - 2020
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …
Persistent link: https://www.econbiz.de/10012844425