The American Economic Review, Volume 70,Edições 3-5American 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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Página 423
... preferences . In this sim- ple case it is feasible to provide a taxonomy of results . In more general cases we provide formulas which are applicable for any num- ber of commodities and nonhomothetic con- sumer preferences . For these ...
... preferences . In this sim- ple case it is feasible to provide a taxonomy of results . In more general cases we provide formulas which are applicable for any num- ber of commodities and nonhomothetic con- sumer preferences . For these ...
Página 934
... preferences . Just as a ( direct ) utility function U de- fined on the commodity space is said to represent the ( direct ) preference relation R if U ( x ' ) > U ( x2 ) iff x'Rx2 , and indirect util- ity function V defined on the ...
... preferences . Just as a ( direct ) utility function U de- fined on the commodity space is said to represent the ( direct ) preference relation R if U ( x ' ) > U ( x2 ) iff x'Rx2 , and indirect util- ity function V defined on the ...
Página 938
... Preferences We take up first the case in which income remains unchanged.10 We show that for the generalized compensating variation to be an acceptable measure of welfare change in this case , it is necessary and sufficient that preferences ...
... Preferences We take up first the case in which income remains unchanged.10 We show that for the generalized compensating variation to be an acceptable measure of welfare change in this case , it is necessary and sufficient that preferences ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand function differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero