Blar i Statistisk sentralbyrå på emneord "JEL classification: B21"
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Utility of income as a random function : behavioral characterization and empirical evidence
(Discussion Papers;No. 431, Working paper, 2005)Abstract: The paper proposes a particular approach to model the utility of income. We develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components ...