کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
961578 929877 2010 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Getting used to it: The adaptive global utility model
موضوعات مرتبط
علوم پزشکی و سلامت پزشکی و دندانپزشکی سیاست های بهداشت و سلامت عمومی
پیش نمایش صفحه اول مقاله
Getting used to it: The adaptive global utility model
چکیده انگلیسی
This paper expands the standard model of utility maximization to endogenize the ubiquitous phenomenon of adaptation. We assume that total utility is an aggregate function of the utility associated with different domains of life, with relative weights that are optimized according to the effort that the individual expends on producing utility in each domain. Comparative statics from the general maximization problem demonstrate that the traditional Slutsky equation should incorporate an additional response term to account for adaptation processes. Our adaptive global utility maximization model can be used to explain responses to changes in health.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Health Economics - Volume 29, Issue 6, December 2010, Pages 811-820
نویسندگان
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