Utilitarism, Equivalence Scales and Logarithmic Utility

In this paper the theory of rank-dependent expected utility (RDEU) is substituted for the theory of expected utility (EU) in a model of optimal provision of public goods.. The

To answer the research question of this thesis, How does the architecture of Nikolaj Kunsthal affect the process of making contemporary art exhibitions?, I will use examples from the

When it comes to intertemporal choice under certainty, Loewenstein (1987) considers a formal model which assumes that a person’s instantaneous utility is equal to the utility

In Section 4 we derive compensated choice probabilities and the distribution of the expenditure function under price changes conditional on a utility level equal to the initial

If the utility function is weakly separable in N groups (Assumption 2) and the relative prices within each group are constant (Assumption I), then the demand for linear

For example, in analysis of welfare, game theory, choice under uncertainty and dynamic choice, models are formulated in terms of (time independent) utility of total income

estimated number of fish in a lake, or km 2 of wilderness. Utility is assumed to be increasing in income and the public good.. This welfare function is chosen for simplicity, since

For example, in analysis of welfare, game theory, choice under uncertainty and dynamic choice, models are formulated in terms of (time independent) utility of income.. The utility