1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...
The present work takes place in the framework of a non-expected utility model under risk: the RDEU theory (Rank Dependent Expected Utility, first initiated by Quiggin under the denomination of ...
The paper constructs and estimates an augmented system of dynamic demand equations in which the demand for leisure and the demand for transactions balances are imbedded. The Budget constraint, ...
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