✦ LIBER ✦

Partition function bargaining with public demands

✍ Scribed by Maarten F. Cornet

Publisher: Springer
Year: 2003
Tongue: English
Weight: 167 KB
Volume: 22
Category: Article
ISSN: 0938-2259
DOI: 10.1007/s00199-002-0356-x

No coin nor oath required. For personal study only.

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Demand functions with ''additive'' and ''multiplicative'' uncertainty can fail to satisfy the ''Slutsky symmetry'' conditions required for demand to be based on utility maximization. This makes welfare analysis infeasible, which is important in many applications. Additive uncertainty can also genera