A DURATION MODEL INCORPORATING RANDOM MARGINAL UTILITY

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A production-inventory model with permissible delay incorporating learning effect in random planning horizon using genetic algorithm

This paper presents a production-inventory model for deteriorating items with stock-dependent demand under inflation in a random planning horizon. The supplier offers the retailer fully permissible delay in payment. It is assumed that the time horizon of the business period is random in nature and follows exponential distribution with a known mean. Here learning effect is also introduced for th...

متن کامل

The marginal utility of income

In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys. Altogether, the data cover over 50 co...

متن کامل

Compensatory Restoration in a Random Utility Model of Recreation Demand

Natural Resource Damage Assessment cases often call for compensation in nonmonetary or restoration equivalent terms. In this article, we present an approach that uses a conventional economic model, a travel cost random utility model of site choice, to determine compensatory restoration equivalents for hypothetical beach closures on the Gulf Coast of Texas. Our focus is on closures of beaches on...

متن کامل

A damage model incorporating dynamic plastic yield surface

In this paper, a general elastoplastic-damage constitutive model considering the effect of strain rate has been developed. The derivation of this model has been cast into the irreversible thermodynamics with internal variables within the fundamentals of Continuum Damage Mechanics (CDM). The rate effect has been involved as an additional term into the plastic yield surface (dynamic plastic yield...

متن کامل

Random marginal and random removal values

We propose two variations of the non-cooperative bargaining model for games in coalitional form, introduced by Hart and Mas-Colell (1996a). These strategic games implement, in the limit, two new NTU-values: The random marginal and the random removal values. The main characteristic of these proposals is that they always select a unique payo¤ allocation in NTU-games. The random marginal value coi...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Doboku Gakkai Ronbunshu

سال: 1997

ISSN: 0289-7806,1882-7187

DOI: 10.2208/jscej.1997.576_43