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Paperback The Generalized Fechner-Thurstone Direct Utility Function and Some of Its Uses Book
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ISBN: 0387968539

ISBN13: 9780387968537

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

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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...

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Business Business & Investing Economic Theory Economics Popular Economics Theory

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