The nonconcavity of money-metric utility: a new formulation and proof

DOI10.1016/j.econlet.2017.02.007zbMath1396.91170OpenAlexW2557468822MaRDI QIDQ1783448

G. Richomme

Publication date: 21 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2017.02.007

zbMATH Keywords

expenditure functionleast-concave representationmoney metric

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (1)

Money-metrics in local welfare analysis: Pareto improvements and equity considerations

Cites Work

• On the Mitra-Wan forestry model: a unified analysis
• Money metric utility: A harmless normalization?
• The ALEP definition of complementarity and least concave utility functions
• Least concave utility functions
• Concavifiability and constructions of concave utility functions
• Money-Metric Utility Functions
• Another Proof that Convex Functions are Locally Lipschitz

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