𝔖 Bobbio Scriptorium
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On utility functions. The present state

✍ Scribed by Georges Bernard


Publisher
Springer US
Year
1984
Tongue
English
Weight
137 KB
Volume
17
Category
Article
ISSN
0040-5833

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This paper i defines the concept of a mean utility preserving spread across states (MUPSAS) for state dependent utility functions and analyzes the behavioural impact of shifts in the probability distribution of wealth across states such that overall mean utility is preserved. The main result provide