The Effect of the Utility Function
An Analysis of the Substitution Effect and of Revenue Effect in the Case of the Consumer’s Theory Provided with a CES Utility Function
... substitution effect and the revenue effect in the case of one good price’s ...CES utility function and introduces three indicators which will characterize these ...
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The effect of the budget slack creation and budget internal control by managers on maximization of utility function in budgetary participation
... The present study aims to assess the influence of budgetary slack and internal control system in maximizing utility function in their game. Players get an equilibrium called Nash equilibrium. Nash ...
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Specification of the Utility Function in Discrete Choice Experiments
... the effect of using different specifications of the utility function in a case study in the health ...nonlinear utility functions because the waiting time attribute has a relatively large ...
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INQUIRY INTO HIGH SCHOOL STUDENTS’ UTILITY FUNCTION
... positive effect of being needed, or the negative effect of commuting ...positive effect of cannabis use and of being a vegan; or the partially negative effect of engaging in arts or creative ...
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Good Approximation of Exponential Utility Function for Optimal Futures Hedging
... 2 p E u π = − − k µ π k q − h σ , (2.3) where µ π = µ p ( q − h ) + bh − c q ( ) . It is well known in the literature that the firm’s optimal production decision q * depends neither on the risk ...
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A Novel Approach to Construct Portfolio that Addresses Variance of Utility Function
... wrong effect of mean sample returns instead of ignoring it from calculating portfolio weights and how would be the relation of other moments after this ...of utility preferences as ambiguity then ...
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Study on the Optimal Fertility Choice Based on Household Utility Function
... into effect on January 1, ...household utility model, we finds that the economic cost, leisure time spent on childbearing and the household utility elasticity of consumption have a negative influence ...
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Dynamic Money-in-the-Utility-Function Model under Monetary and Technology Shocks
... no effect on future growth rate of money and on expected inflation E t π t+1 since the price level adjusts proportionally to an unanticipated rise in the nominal money stock and all other economic variables are ...
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Should the Neoclassical growth model include the saving flow in the Utility function?
... in Utility as Zou (1994), or relative wealth as Corneo and Jeanne (2001), the presented model allows to invest more than in the standard version by modulating the preference for wealth ...the effect of the ...
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Why the Linear Utility Function is a Risky Choice in Discrete-Choice Experiments
... The specification of the utility function has considerable effect on estimated WTP. The conse- quences of using the linear specification as a simplification can be striking. In the case of the ...
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The implications of incorrect utility function specification for welfare measurement in choice experiments
... marginal utility of income are less critical, as the magnitudes of bias are smaller in most cases than those obtained for a higher attribute ...marginal utility of income, this indicating that attribute ...
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Problems of utility and prospect theories A discontinuity of Prelec’s function
... The paper sketches very roughly a future article. It will be included into a group of three articles. Supposed titles of the articles are: “A possible discontinuity of Prelec’s function,” “Certainty Effect ...
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Nebivolol: impact on cardiac and endothelial function and clinical utility
... favorable effect on the cholesterol ...deleterious effect on the β -cell in the pancreas (lipotoxicity), and this, together with the metabolic environment of diabetes, may contribute to accelerating the ...
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<p>Clinical utility of tensiomyography for muscle function analysis in athletes</p>
... the effect of a training season on muscle contractile properties is taken as reference (Table 2), Tc and Dm parameters seem to be useful for monitoring the effect that physical training has on professional ...
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GodÕs Utility Function
... the utility function may turn out to be the contin- ued power of the president, the wealth of a particular ruling family, the size of the sultanÕs harem, the stability of the Mid- dle East or the ...
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SHOULD THE UTILITY FUNCTION BE DITCHED?
... 2 function is one whose second derivatives in its arguments exist and are ...2 utility function is a well-defined demand function, which is differentiable and homogeneous of degree zero in ...
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Habit Persistence and Money in the Utility Function
... In this paper, we introduce intertemporal complementarities in consumption decisions in a monetary model and study its local dynamics properties. Money is held in the economy because the household face either a CIA ...
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Money in the Utility Function: An Empirical Implementation
... The four arguments of the period-by-period utility function are real consumption, CT, real money holdings, MT/PT, real savings and time deposits, ST/PT, and real holdings of short-term g[r] ...
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On the Utility Function Representability of Lexicographic Preferences
... the utility function representation of lex- icographic ...a utility function if and only if there is at most one attribute with uncountable levels and when such an attribute exists, it must be ...
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A Classical Monetary Model - Money in the Utility Function
... in utility function allows a money demand equation to be derived from the households’ optimal behaviour Given the specification of utility, the new optimality condition can be rewritten ...
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