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Technical Appendices

  • Chris Harris

Abstract

We have described in section 4.4 the causes of shocks. We now need to consider changes to the utility and demand functions. There are four basic shocks to the utility and inverse demand (i.e., price on the vertical axis and demand on the horizontal) functions;
  1. 1.

    Upward arithmetic (parallel shifts)

     
  2. 2.

    Upward geometric (parallel shifts of the logarithm)

     
  3. 3.

    Rightward arithmetic

     
  4. 4.

    Rightward geometric

     

Keywords

Risk Aversion Inequality Aversion Absolute Risk Aversion Theil Index Technical Appendix 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 2.
    See Harris (2015), Peak Load and Capacity Pricing: Theory and Practice in Electricity (Palgrave).CrossRefGoogle Scholar
  2. 4.
    Drägulescu and Yakuvenko (2001), “Exponential and Power-Law Probability Distributions of Wealth and Income in the United Kingdom and the United States,” Physica 299: 213–21.CrossRefGoogle Scholar
  3. 5.
    Pareto (1897), Cours d’Economie Politique (Paris, France: Librairie De l’Université Lausanne), noted the fit to his distribution.Google Scholar

Copyright information

© Chris Harris 2015

Authors and Affiliations

  • Chris Harris

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