R.L. Basmann & K. Hayes 
Generalized Fechner-Thurstone Direct Utility Function and Some of its Uses [PDF ebook] 

الدعم

In this book the foundations and applicability of the Generalized Fechner-Thurstone Utility Function are laid out. It is shown how by removing the constraint of fixed preferences in the neoclassical consumer theory, utility theory can be used to develop non-parametric indices along with elasticities of the marginal rates of substitutions. It is also shown that whereas the existence of a fixed preference utility function is not always guaranteed for different demand functions, there will always exist at least one Generalized Fechner-Thurstone Direct Utility Function. Furthermore, analysis using the Fechner-Thurstone Direct Utility Function is clear and simple and does not rely on ad hoc Taylor expansions. The construction of different true-cost-of-living indices, the comparison of North American consumers, and a habit formation model are developed to show the usefulness of the Generalized Fechner-Thurstone Direct Utility Function.

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لغة الإنجليزية ● شكل PDF ● ISBN 9781468494013 ● الناشر Springer New York ● نشرت 2013 ● للتحميل 3 مرات ● دقة EUR ● هوية شخصية 4723425 ● حماية النسخ Adobe DRM
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