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The Generalized Fechner-thurstone Direct
Basmann, R.L.; Slottje, D.J.; Hayes, K.; Johnson, J.D.; Molina, D.J.
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Description for The Generalized Fechner-thurstone Direct
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. BIC Classification: KCA. Dimension: 210 x 148. Weight in Grams: 295.
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 different demand functions, there will always exist at least one Generalized Fechner-Thurstone Direct Utility Function. Furthermore, analysis using the Fechner-Thurstone Direct Utility Function is clear and simple and does not rely ... Read more
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 different demand functions, there will always exist at least one Generalized Fechner-Thurstone Direct Utility Function. Furthermore, analysis using the Fechner-Thurstone Direct Utility Function is clear and simple and does not rely ... Read more
Product Details
Format
Paperback
Publication date
1988
Publisher
Springer New York
Language
English
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
159
Place of Publication
New York, NY, United States
ISBN
9780387968537
SKU
V9780387968537
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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