RIETI独立行政法人経済産業研究所

Loyalty and Consumption: A CES representation

This paper offers a new interpretation of the elasticity of substitution in the constant elasticity of substitution (CES) utility function under discrete choice and separability. We model an economy ...
Insurancenewsnet.com

Studies from Kwangwoon University in the Area of Industrial Mathematics Reported (Household Utility Maximization With Life Insurance: a Ces Utility Case)

2020 AUG 27 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News-- Investigators discuss new findings in Mathematics - Industrial Mathematics. According to news reporting out of ...
RIETI独立行政法人経済産業研究所

A Small-Scale Microeconomic Model for Policy Evaluation - Evaluating Measures to Combat Global Warming in the Passenger Vehicle Sector

The purpose of this paper is to elucidate a method for constructing a small-scale policy evaluation model that is applicable to assessing actual policies. The approach adopted in the paper is to ...