Getting used to it The adaptive global utility model

被引：27

作者：

Bradford, W. David ^{[2
]}

Dolan, Paul ^{[1
]}

机构：

[1] London Sch Econ, Dept Social Policy, London, England

[2] Univ Georgia, Dept Publ Adm & Policy, Athens, GA 30602 USA

来源：

JOURNAL OF HEALTH ECONOMICS | 2010年 / 29卷 / 06期

关键词：

Utility maximization; Adaptation; Behavioral economics; SET-POINT; ADAPTATION; DISABILITY;

D O I：

10.1016/j.jhealeco.2010.07.007

中图分类号：

F [经济];

学科分类号：

020101 [政治经济学];

摘要：

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 (C) 2010 Elsevier B V All rights reserved

引用

页码：811 / 820

页数：10

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