Is utility additive? Further Evidence
Abstract
This paper investigates the question of additive structure of the utility function using the data for nine broad commodity groups from 45 countries. Further evidence is presented in support of the preference independent utility structure.This paper investigates the question of additive structure of the utility function using the data for nine broad commodity groups from 45 countries. Further evidence is presented in support of the preference independent utility structure.
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Journal Title
Applied Economics
Volume
37
Subject
Applied economics
Econometrics
Banking, finance and investment