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Consider the following utility functions (defined over wealth Y ): U(Y)=Y1 U(Y)=lnYU(Y)=YU(Y)=exp(Y)U(Y)=Y U(Y)=YY2 - Check that they are well behaved (U>0,U0,U
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
