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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... utility index to use . Thus the utility function would be defined as ( 4 ) f ( x , p ) = o ' ( u ( x ) ) where for each p , p ' is monotonically in- creasing . Just as before , one would hardly want to claim that this involves a ...
... utility index to use . Thus the utility function would be defined as ( 4 ) f ( x , p ) = o ' ( u ( x ) ) where for each p , p ' is monotonically in- creasing . Just as before , one would hardly want to claim that this involves a ...
Página 825
Now consider the class of utility functions which are derivable from a standard ( i.e. , HD0 ) utility function by order - preserving transformations . Let u ( x , m , p ) be HD0 in m and p , and o be any positive monotonic ...
Now consider the class of utility functions which are derivable from a standard ( i.e. , HD0 ) utility function by order - preserving transformations . Let u ( x , m , p ) be HD0 in m and p , and o be any positive monotonic ...
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... utility functions which are actually mono- tonic transformations of standard ones ( i.e. , functions which are homogeneous of degree zero ( HD0 ) and thus provide only a spuri- ous ... Utility Function Transformations and Money.
... utility functions which are actually mono- tonic transformations of standard ones ( i.e. , functions which are homogeneous of degree zero ( HD0 ) and thus provide only a spuri- ous ... Utility Function Transformations and Money.
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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