Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322721 
Autor:innen: 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Discussion Papers Series No. 07-09
Verlag: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Zusammenfassung: 
Benchmark two-good utility functions involving a good with zero income elasticity and unit income elasticity are well known. This paper derives utility functions for the additional benchmark cases where one good has zero cross-price elasticity, unit own-price elasticity, and zero own price elasticity. It is shown how each of these utility functions arises from a simple graphical construction based on a single given indifference curve. Also, it is shown that possessors of such utility functions may be seen as thinking in a particular sense of their utility, and may be seen as using simple rules of thumb to determine their demand.
Schlagwörter: 
Benchmark Utility Functions
Rules of Thumb
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
362.94 kB





Publikationen in EconStor sind urheberrechtlich geschützt.