Zobrazeno 1 - 10
of 63
pro vyhledávání: '"Quasilinear utility"'
Autor:
Luis C. Corchón, Ramón J. Torregrosa
Publikováno v:
SERIEs. 13:557-579
We study consumer surplus in a single market when (a) there is a lower bound in the consumption of the outside good and (b) the weights in the social welfare function given to consumers and firms are different. We assume quasilinear utility. When the
Autor:
Richter, Marcel K., Wong, Kam-Chau
Publikováno v:
Economic Theory, 2005 Nov 01. 26(4), 947-971.
Externí odkaz:
https://www.jstor.org/stable/25055991
Autor:
Yann Rébillé
Publikováno v:
Journal of Mathematical Psychology
Journal of Mathematical Psychology, Elsevier, 2019, 89, pp.1-12. ⟨10.1016/j.jmp.2019.01.001⟩
Journal of Mathematical Psychology, Elsevier, 2019, 89, pp.1-12. ⟨10.1016/j.jmp.2019.01.001⟩
We provide an axiomatization of preferences that are representable by pseudolinear utility functions on product spaces C × R . A set of necessary and sufficient axioms that a binary relation must fulfill to be representable by a pseudolinear utility
Autor:
Martin Bichler, Sören Merting
Publikováno v:
European Journal of Operational Research. 270:775-783
Quasilinear utility functions are a standard assumption in auction theory allowing for truthful and welfare-maximizing auction mechanisms. However, the literature on advertising markets suggests that the utility model of bidders rather resembles a kn
Statistical mechanics and financial markets: Antagony between derivatives and market self-regulation
Autor:
David B. Saakian
Publikováno v:
Chinese Journal of Physics. 56:988-993
We establish specific correspondences between notions of economics and statistical mechanics. There are several situations wherein a rather accurate correspondence has already been established, for instance in utility theory for exchange economy with
Autor:
Yann Rébillé
Publikováno v:
Decisions in Economics and Finance. 40:301-315
Quasilinear utility functions are often met in various economic applications. We provide an axiomatization of preferences that are representable by a continuous quasilinear utility function. Following the topological approach and building on existing
Autor:
Martin Bichler, Salman Fadaei
Publikováno v:
European Journal of Operational Research. 260:767-777
In some markets bidders want to maximize value subject to a budget constraint rather than payoff. This is different to the quasilinear utility functions typically assumed in auction theory and leads to different strategies and outcomes. We refer to b
Autor:
Piotr Dworczak, Anthony Lee Zhang
Publikováno v:
Economics Letters. 153:57-60
In general screening problems, implementable allocation rules correspond exactly to Walrasian equilibria of an economy in which types are consumers with quasilinear utility and unit demand. Due to the welfare theorems, an allocation rule is implement
Autor:
Roy Allen
Publikováno v:
SSRN Electronic Journal.
Establishing that a demand mapping is injective is core first step for a variety of methodologies. When a version of the law of demand holds, global injectivity can be checked by seeing whether the demand mapping is constant over any line segments. W
Autor:
Donald J. Brown, Annette Krauss
Publikováno v:
SSRN Electronic Journal.
This working paper extends the methodology of non-smooth affective portfolio theory (APT) for eliciting (IR)rational preferences of investors endowed with continuous quasilinear utility functions, where assets are portfolios of risky and ambiguous s