The Generalized Fechner-Thurstone Direct Utility Function and Some of its Uses

Language: English

Published by Springer, Springer Dez 1988, 1988

0387968539 / 9780387968537

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This item is printed on demand - Print on Demand Titel. Neuware -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.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 168 pp. Englisch.

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Title
The Generalized Fechner-Thurstone Direct Utility Function and Some of its Uses
Author
R. L. Basmann
Publisher
Springer, Springer Dez 1988
Publication year
1988
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
0387968539
ISBN 13
9780387968537
Item weight
226 grams
Dimensions
210x148x10 mm

buchversandmimpf2000

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