Mathematics of Operations Research, Vol. 41, No. 1 (February 2016), pp. 146-173 (28 pages) This paper investigates the problem of maximizing expected terminal utility in a (generically incomplete) ...
Nonparametric Tests of Utility Maximization and Weak Separability for Consumption, Leisure and Money
Some of the most fundamental assumptions of economics are utility maximization and weak separability of the arguments in the representative consumer's utility function. This paper contains results ...
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