The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Comparing Utility Functions in Efficiency Terms : Comment BY DANA N. STEVENS AND JAMES E. FOSTER * TABLE 1 Feasible ... function , and the expected consumption bundle it generates , may be said to be preferred to another , and the ...
Comparing Utility Functions in Efficiency Terms : Comment BY DANA N. STEVENS AND JAMES E. FOSTER * TABLE 1 Feasible ... function , and the expected consumption bundle it generates , may be said to be preferred to another , and the ...
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... utility function defined by ( 3 ) deals only with lunatics who say they feel better ( or worse ) when the full moon comes out , but do not behave any differently . Thus it allows only a spurious generality . Along the same lines , we ...
... utility function defined by ( 3 ) deals only with lunatics who say they feel better ( or worse ) when the full moon comes out , but do not behave any differently . Thus it allows only a spurious generality . Along the same lines , we ...
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Utility Function Transformations and Money Illusion : A Further Comment By PETER HOWITT AND DON PATINKIN * On the ... function , that is , they yield the same demand functions ; and we explicitly emphasize in footnote 6 of our comment ...
Utility Function Transformations and Money Illusion : A Further Comment By PETER HOWITT AND DON PATINKIN * On the ... function , that is , they yield the same demand functions ; and we explicitly emphasize in footnote 6 of our comment ...
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adjustment analysis applied assets assumed assumption average basic behavior capital consider constant consumer consumption cost countries defined demand determine discussion distribution domestic earnings Econ economic effect efficient equal equation equilibrium estimated example exchange rate existing expected experience Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment issues labor less marginal mean measure ment Michigan monetary Note obtained optimal output percent period Ph.D planning positive possible preferences present problem production profits ratio reduces regulation relative respect risk saving share Social spells supply Table theory tion trade uncertainty unemployment United University utility utility function variable wage yields zero