Mathematical Economics: Topological methods in cardinal utility theory
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This article is published in Research Papers in Economics.The article was published on 1983-07-01 and is currently open access. It has received 727 citations till now. The article focuses on the topics: Cardinal utility.read more
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Core and equilibria under ambiguity
TL;DR: In this paper, the core and Walrasian equilibrium notions for an asymmetric information economy with non-expected utility preferences were introduced and proved existence and incentive compatibility results for the notions.
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Conditioning and aggregation of preferences
TL;DR: In this article, a general framework for modeling choice under uncertainty that extends subjective expected utility to include nonseparabilities, state-dependence, and the effect of subjective or ill defined consequences is developed.
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Multiattribute Utility Theory Without Expected Utility Foundations
John M. Miyamoto,Peter P. Wakker +1 more
TL;DR: In this paper, the authors show that parametric and multi-attribute utility results are robust against the major violations of expected utility, and they retain their validity under nonexpected utility theories that have been developed to account for actual choice behavior.
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Preference Conditions for Multiattribute Value Functions
TL;DR: Examination of conditions on preferences that simplify the assessment of multiattribute value functions for use in the analysis of multiobjective decision problems shows that when these conditions hold the value function must have a simple analytic form.
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Can a poverty-reducing and progressive tax and transfer system hurt the poor?
TL;DR: The authors show that a substantial proportion of the poor are made poorer (or non-poor made poor) by the tax and transfer system and derive a measure of the extent of such impoverishment.