Sökning: "Marginal degree of positionality"
Hittade 2 avhandlingar innehållade orden Marginal degree of positionality.
1. Two Essays on Relative Consumption
Sammanfattning : First paper: Consumption Theory with Reference Dependent Utility: Its Impact on Marginal Propensity to Consume This paper presents a closed form consumption function for an individual when he derives utility from his own previous and current consumption and from the previous consumption of his relevant others. I show that the individual's marginal propensity to consume (MPC) is smaller than the MPC under the permanent income hypothesis. LÄS MER
2. Essays on Social Comparison
Sammanfattning : Paper 1: By using hypothetical choice experiments, this paper presents evidence that individuals’ concern for relative consumption depends on their relative consumption. Individuals with consumption levels above society’s average consumption level tend to have, in general, lower concern for relative consumption. LÄS MER