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 346
... utility that institutes the review process . Increasingly over the past ten to fifteen years , it has been the second constraint rather than the first that has been relevant to utility decision making as Joskow has documented . Moreover ...
... utility that institutes the review process . Increasingly over the past ten to fifteen years , it has been the second constraint rather than the first that has been relevant to utility decision making as Joskow has documented . Moreover ...
Página 373
... utility , he uses up his lifetime income in lifetime con- sumption , so that the term in brackets is always zero ... utility of income " is increas- ing ( decreasing ) if and only if the marginal utility of consumption is increasing ( de ...
... utility , he uses up his lifetime income in lifetime con- sumption , so that the term in brackets is always zero ... utility of income " is increas- ing ( decreasing ) if and only if the marginal utility of consumption is increasing ( de ...
Página 377
... utility of income , cannot exist , unless there are serious imperfections in the capital market . As we demonstrated in Section II , an individual confronting a rising segment in his utility function will react to any change in income ...
... utility of income , cannot exist , unless there are serious imperfections in the capital market . As we demonstrated in Section II , an individual confronting a rising segment in his utility function will react to any change in income ...
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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