On Why the Wold-Juréen (1953) Utility Function Cannot Generate a Giffen Good

2009 ◽  
Author(s):  
Robert Sproule
Keyword(s):  
Utility Function ◽  
Giffen Good

Analisa Pemilihan Moda Transportasi Umum Rute Tanjung Karang – Bandara Radin Inten II Dengan Stated Preference dan Uji Crame’s V

2018 ◽  
Vol 2 (2) ◽  
pp. 137
Author(s):  
Muhammad Abi Berkah Nadi
Keyword(s):  
Regression Analysis ◽  
Utility Function ◽  
Stated Preference ◽  
Technical Analysis ◽  
Chi Square ◽  
Time Headway ◽  
Independent Variable ◽  
The Relationship ◽  
Selection Of

Radin Inten II Airport is a national flight in Lampung Province. In this study using the technical analysis stated preference which is the approach by conveying the choice statement in the form of hypotheses to be assessed by the respondent. By using these techniques the researcher can fully control the hypothesized factors. To determine utility function for model forecasting in fulfilling request of traveler is used regression analysis with SPSS program. The analysis results obtained that the passengers of the dominant airport in the selection of modes of cost attributes than on other attributes. From the result of regression analysis, the influence of independent variable to the highest dependent variable is when the five attributes are used together with the R square value of 8.8%. The relationship between cost, time, headway, time acces and service with the selection of modes, the provision that states whether or not there is a decision. The significance of α = 0.05 with chi-square. And the result of Crame's V test average of 0.298 is around the middle, then the relationship is moderate enough.

scholarly journals On the Microfoundation of Linear Oligopoly Demand

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Iwan Bos ◽  
Dries Vermeulen
Keyword(s):  
Utility Function ◽  
Aggregate Demand ◽  
Demand System ◽  
Representative Consumer ◽  
Aggregate Utility

AbstractWe critically assess the representative consumer with quadratic aggregate utility function which forms the foundation of a well-known class of linear oligopoly demand structures. It is argued that this approach is problematic and redundant. Regarding the latter, we show how the same demand system can be derived directly from a population of heterogeneous buyers for any number of products. Welfare analyses based on aggregate demand is shown to be sensitive to the underlying microfoundation.

Dynamic analysis in an economic growth model with CES utility function and delay

2020 ◽  
Author(s):  
Ramona Ioana Oprea ◽  
Pater Flavius ◽  
Adina Juratoni ◽  
Olivia Bundau
Keyword(s):  
Economic Growth ◽  
Dynamic Analysis ◽  
Utility Function ◽  
Growth Model ◽  
Economic Growth Model ◽  
Ces Utility Function

scholarly journals Roberts’ weak welfarism theorem: a minor correction

2021 ◽  
Author(s):  
Peter J. Hammond
Keyword(s):  
Euclidean Space ◽  
Social Welfare ◽  
Utility Function ◽  
Weak Continuity ◽  
Strict Preference ◽  
Counter Example ◽  
Independence Of Irrelevant Alternatives ◽  
Unrestricted Domain ◽  
A Minor ◽  
Minor Correction

AbstractRoberts’ “weak neutrality” or “weak welfarism” theorem concerns Sen social welfare functionals which are defined on an unrestricted domain of utility function profiles and satisfy independence of irrelevant alternatives, the Pareto condition, and a form of weak continuity. Roberts (Rev Econ Stud 47(2):421–439, 1980) claimed that the induced welfare ordering on social states has a one-way representation by a continuous, monotonic real-valued welfare function defined on the Euclidean space of interpersonal utility vectors—that is, an increase in this welfare function is sufficient, but may not be necessary, for social strict preference. A counter-example shows that weak continuity is insufficient; a minor strengthening to pairwise continuity is proposed instead and its sufficiency demonstrated.

scholarly journals Optimal Sensor Placement for Reliable Virtual Sensing Using Modal Expansion and Information Theory

Sensors ◽  
2021 ◽  
Vol 21 (10) ◽  
pp. 3400
Author(s):  
Tulay Ercan ◽  
Costas Papadimitriou
Keyword(s):  
Utility Function ◽  
Measurement Errors ◽  
Structural Model ◽  
Information Gain ◽  
Sensor Placement ◽  
Optimal Sensor Placement ◽  
Modal Expansion ◽  
Expected Information ◽  
Virtual Sensing ◽  
Multidimensional Integral

A framework for optimal sensor placement (OSP) for virtual sensing using the modal expansion technique and taking into account uncertainties is presented based on information and utility theory. The framework is developed to handle virtual sensing under output-only vibration measurements. The OSP maximizes a utility function that quantifies the expected information gained from the data for reducing the uncertainty of quantities of interest (QoI) predicted at the virtual sensing locations. The utility function is extended to make the OSP design robust to uncertainties in structural model and modeling error parameters, resulting in a multidimensional integral of the expected information gain over all possible values of the uncertain parameters and weighted by their assigned probability distributions. Approximate methods are used to compute the multidimensional integral and solve the optimization problem that arises. The Gaussian nature of the response QoI is exploited to derive useful and informative analytical expressions for the utility function. A thorough study of the effect of model, prediction and measurement errors and their uncertainties, as well as the prior uncertainties in the modal coordinates on the selection of the optimal sensor configuration is presented, highlighting the importance of accounting for robustness to errors and other uncertainties.

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