Zobrazeno 1 - 10
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pro vyhledávání: '"Edward E. Schlee"'
Autor:
Edward E. Schlee, V. Kerry Smith
Publikováno v:
The Economics of Environmental Risk ISBN: 9781035301614
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9e801355a3da8b75e196bc7fa8f4d2a6
https://doi.org/10.4337/9781035301614.00010
https://doi.org/10.4337/9781035301614.00010
Autor:
M. Ali Khan, Edward E. Schlee
Publikováno v:
George Stigler ISBN: 9781137568144
This chapter reconsiders Stigler’s 1965 distinction between textual and scientific exegesis, and explores its importance in the study and writing of the history of economic thought, as well as in the doing and writing of economic theory. After intr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e8cfe3b71d1a9a53fa6e091717d26119
https://doi.org/10.1057/978-1-137-56815-1_21
https://doi.org/10.1057/978-1-137-56815-1_21
Autor:
Edward E. Schlee
Publikováno v:
Economics Letters. 172:31-33
Schlee (2013) asserts the equivalence between a local welfare measure proposed by Radner (1993) and the derivatives of six other welfare measures. The asserted equivalence between Radner’s measure and one of these – Debreu’s (1951) coefficient
Autor:
Edward E. Schlee, M. Ali Khan
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 49:589-636
In this essay, we read McKenzie's 17 paragraphs of 1957 on “Demand Theory Without a Utility Index” as an opening to the narrative of 20th-century demand theory and as a lever for the understanding of what has now reached culmination as the neocla
Autor:
Hector Chade, Edward E. Schlee
Publikováno v:
Journal of Economic Theory. 189:105085
The standard monopoly insurance model with adverse selection implies that there are always gains to trade, that only the best (unobservable) risks can go uninsured, and that a profit-maximizing menu cannot pool all types. We show that insurance-provi
Autor:
Edward E. Schlee, V. Kerry Smith
Publikováno v:
Journal of Environmental Economics and Management. 98:102264
This paper proposes a simple index of the welfare significance of uncertainty in the public goods resulting as policy outcomes. Our measure is the ex ante compensation an individual would require to accept an uncertain level of service compared to re
Autor:
Edward E. Schlee
Publikováno v:
American Economic Review. 103:2585-2611
I identify assumptions under which policies that maximize expected surplus are Pareto Optimal{even when expected consumer surplus does not even locally represent preferences over price-income lotteries. Besides the oft-made partial equilibrium assump
Autor:
M. Ali Khan, Edward E. Schlee
Publikováno v:
SSRN Electronic Journal.
We offer a new, succinct proof of the fact that the money metric utility is concave for any preference relation representable by a concave function if and only if the indirect utility is affine in wealth. Our proof exploits the existence of a least c
Autor:
Edward E. Schlee, Christian Gollier
Publikováno v:
Journal of the European Economic Association. 9:871-902
We determine how better information aects the average equity premium in a standard representative agent exchange economy. Perfect information obviously eliminates the equity premium, and we show that a particular kind of information about the level o
Autor:
Edward E. Schlee
Publikováno v:
International Economic Review. 48:869-899
The welfare change from a price increase - for example, the compensating variation (cv) - is often calculated using the expenditure function from an estimated demand. If there is unobserved preference heterogeneity, then the estimated demand is an av