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Saving Behavior

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0017
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence the saving behavior of an individual. It suggests that the decision to save rather than to spend a portion of income is in effect a decision to ... More


Economics and efficiency

Jan Abel Olsen

in Principles in Health Economics and Policy

Published in print:
2017
Published Online:
September 2017
ISBN:
9780198794837
eISBN:
9780191836329
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198794837.003.0002
Subject:
Public Health and Epidemiology, Public Health, Epidemiology

This chapter, the longest in the book, explains the fundamentals of microeconomics and its application to the analysis of health and healthcare. The concepts of scarcity and opportunity costs lie at ... More


Preferences

Andrew Ang

in Asset Management: A Systematic Approach to Factor Investing

Published in print:
2014
Published Online:
August 2014
ISBN:
9780199959327
eISBN:
9780199382323
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199959327.003.0002
Subject:
Economics and Finance, Financial Economics

Investors generally dislike the risk of losses during bad times. Optimal portfolio choice trades off these risks with the potential of returns. While mean-variance utility treats gains and losses ... More


Samuelson's “Dr. Jekyll and Mrs. Jekyll” Problem: A Difficulty in the Concept of the Consumer

Robert A. Pollak

in Samuelsonian Economics and the Twenty-First Century

Published in print:
2006
Published Online:
January 2009
ISBN:
9780199298839
eISBN:
9780191711480
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199298839.003.0008
Subject:
Economics and Finance, History of Economic Thought

This chapter describes a rich number of cases in which Samuelson distinguishes between the individual and the family as the consuming agent. The idea that the family demand function can be consistent ... More


Maximization of Bequests: The First Turnpike Theorem

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

The conditions for the Golden Equilibrium have been established earlier in the book and this chapter turns to an examination of the economy for stability; it asks whether a Hicks–Malinvaud ... More


Ordinal Utility: Pareto and the Austrians, 1900–1915

Ivan Moscati

in Measuring Utility: From the Marginal Revolution to Behavioral Economics

Published in print:
2018
Published Online:
December 2018
ISBN:
9780199372768
eISBN:
9780199372805
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199372768.003.0006
Subject:
Economics and Finance, Microeconomics

Chapter 5 deals with the ordinal revolution in utility analysis inaugurated by Vilfredo Pareto around 1900. The fundamental notion of Pareto’s analysis was that of preference, and he conceived of ... More


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