Separable Utility Functions
Title | Separable Utility Functions PDF eBook |
Author | Charalambos D. Aliprantis |
Publisher | |
Pages | 43 |
Release | 1996 |
Genre | |
ISBN |
Quasi-separable Utility Functions
Title | Quasi-separable Utility Functions PDF eBook |
Author | Robert A. Pollak |
Publisher | |
Pages | 68 |
Release | 1966 |
Genre | |
ISBN |
Separable Utility Functions and the Estimation of Demand Elasticities
Title | Separable Utility Functions and the Estimation of Demand Elasticities PDF eBook |
Author | Gebhard Joseph Long |
Publisher | |
Pages | 178 |
Release | 1947 |
Genre | Supply and demand |
ISBN |
Quasi-separable Utility Functions
Title | Quasi-separable Utility Functions PDF eBook |
Author | Ralph Lyons Keeney |
Publisher | |
Pages | 123 |
Release | 1967 |
Genre | Statistical decision |
ISBN |
The research is concerned with assessment of utility functions for multi-numeraire consequences. More specifically, it is proven that given von Neumann and Morganstern's 'axioms of rational behavior' and two additional assumptions, the utility function for (x sub i, y sub i) consequences must be of the form U sub xy(x sub i, y sub i) = U sub x(x sub i) + U sub y(y sub i) + K U sub x(x sub i) U sub y(y sub i). K is a constant that must be empirically evaluated. It is shown that this form, known as a quasi-separable utility function, is more general than the separable utility function and nearly as easy to use. The implications and ramifications of such a utility function and its requisite assumptions are discussed in detail. Expressions for evaluating the expected utility of a probabilistic consequence are derived. The problems and technique of practical application of the theory are considered. A discussion of the usefulness of this work and of possible future research topics concludes the report. (Author).
The Structure of Utility Functions
Title | The Structure of Utility Functions PDF eBook |
Author | Stanford University. Institute for Mathematical Studies in the Social Sciences |
Publisher | |
Pages | 60 |
Release | 1967 |
Genre | |
ISBN |
A continuous complete preference ordering is defined on an arcconnected, topologically separable product space S = S1xS2x.xSn. Call 1,.n sectors and say that a set A of sectors is separable if the conditional ordering on A, given what happens off it, is independent of the latter, essential if it matters what happens on A, at least sometimes, and strictly essential if it always does. It is shown how to determine the structure of the utility function, given a collection of separable sets, when each sector is strictly essential. Various examples are discussed, an alternative approach sketched, and, finally, the requirement of strict essentiality replaced by the basically nugatory condition that each sector be essential. The results can, of course, be applied to other functions, too. (Author).
Duality, Separability, and Functional Structure
Title | Duality, Separability, and Functional Structure PDF eBook |
Author | Charles Blackorby |
Publisher | North Holland |
Pages | 424 |
Release | 1978 |
Genre | Business & Economics |
ISBN |
Estimation of Consumer Demand Equations from Ordinally Separable Utility Functions
Title | Estimation of Consumer Demand Equations from Ordinally Separable Utility Functions PDF eBook |
Author | Wallace Kenneth Boutwell |
Publisher | |
Pages | 0 |
Release | 1970 |
Genre | |
ISBN |