Utility of income as a random function: behavioral characterization and empirical evidence

DOI10.1016/J.MATHSOCSCI.2005.07.006MaRDI QIDQ2490936zbMATH OpenOpenAlexFDO

Authors John K. Dagsvik, Steinar Strøm, Zhiyang Jia

Publication date 18 May 2006

Published in Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/11250/178100

zbMATH Keywords

invariance principlesrandom utilityutility of income

Mathematics Subject Classification ID

Psychophysics and psychophysiology; perception (91E30) Utility theory (91B16)

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Cited in

(12)

• Convergence theorems of willingness-to-pay and willingness-to-accept for nonmarket goods
• Invariance axioms and functional form restrictions in structural models
• Giffen Behavior Independent of the Wealth Level
• Making Sen's capability approach operational: a random scale framework
• Utility functions for wealth
• On ordinal utility, cardinal utility and random utility
• Axiomatization of stochastic models for choice under uncertainty
• scientific article; zbMATH DE number 4102766 (Why is no real title available?)
• Justification of functional form assumptions in structural models: applications and testing of qualitative measurement axioms
• Stronger utility
• Income effects and the marginal utility of income
• Preferences, income, and life satisfaction: an equivalence result

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