Technical Appendices

Chris Harris

Chapter 7 in Utility and Welfare Optimization, 2015, pp 205-233 from Palgrave Macmillan

Abstract: Abstract We have described in section 4.4 the causes of shocks. We now need to consider changes to the utility and demand functions. There are four basic shocks to the utility and inverse demand (i.e., price on the vertical axis and demand on the horizontal) functions; 1. Upward arithmetic (parallel shifts) 2. Upward geometric (parallel shifts of the logarithm) 3. Rightward arithmetic 4. Rightward geometric

Keywords: Risk Aversion; Inequality Aversion; Absolute Risk Aversion; Theil Index; Technical Appendix (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-1-137-37100-3_7

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