This is a preview. Log in through your library . Abstract Although probabilistic discrete-choice models such as multinomial logit are widely used, little consideration has been given to the ...

I use a model of indirect utility and compensated demand functions to analyze conditions for welfare effects when countries engage in trade involving a pollutant. The paper questions whether there is ...

Integrability of incomplete demand systems is discussed. The concepts of weak integrability, quasi-expenditure function, quasi-indirect utility function, and quasi-utility function are defined. Their ...

A government that starts out either owing or owning debt should trade risky Shiller GDP securities that hedge its primary surplus risk. The indirect utility functional from a government debt and tax ...

The integration of behavioural finance with portfolio optimization represents an evolving frontier in financial research. Traditional portfolio theory, predicated on rational, utility-maximising ...