نتایج جستجو برای: marginal utility
تعداد نتایج: 179467 فیلتر نتایج به سال:
Consider a set of connections sharing a network node under an allocation scheme that provides each connection with a fixed minimum and a random extra amount of bandwidth and buffer. Allocations and prices are adjusted to adapt to resource availability y and user demands. We consider two scenarios of user behavior. In the first scenario a connection purchases an allocation to maximize its expect...
The domain of knowledge1 is more encompassing than that of wealth and materials. For dealing with utility of knowledge, all factors (its scarcity, its total utility, its marginal utility, specifically its diminishing marginal utility, its utilitarian value, its exchange value, etc.) that influence the evaluation need to be considered. From a communication perspective, knowledge can be traced ba...
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In this model, the elasticity of marginal utility simultaneously reflects preferences for intertemporal sub...
Consider a set of connections sharing a network node under an allocation scheme that provides each connection with a fixed minimum and a random extra amount of bandwidth and buffer. Allocations and prices are adjusted to adapt to resource availability and user demands. We consider two scenarios of user behavior. In the first scenario a connection purchases an allocation to maximize its expected...
Multi-agent paradigms have been developed for the negotiation and brokering in B2C e-commerce. Few of the models consider the mental states and social settings (trust and reputation) but rarely any model depicts their combination. In this chapter, a combined model of belief, desire, intention (BDI) for agent’s mental attitudes and social settings is used to model their cognitive capabilities. T...
We consider concave and Lipschitz continuous preference functionals over monetary lotteries. We show that they possess an envelope representation, as the minimum of a bounded family of continuous vN-M preference functionals. This allows us to use an envelope theorem to show that results from local utility analysis still hold in our setting, without any further differentiability assumptions on t...
Many consumer choice situations are characterized by the simultaneous demand for multiple alternatives that are imperfect substitutes for one another. A simple and parsimonious Multiple Discrete-Continuous Extreme Value (MDCEV) econometric approach to handle such multiple discreteness was formulated by Bhat (2005) within the broader Kuhn-Tucker (KT) multiple discrete-continuous economic consume...
In this article, we investigate different market structures where decision makers are incentivized by both profit and revenue. Our innovation is that consider managers evaluate revenue in a non-linear way, exhibiting diminishing marginal utility. This implies incremental changes revenue—for example, due to demand shocks—generate production choices depend on the existing base of firm. We show in...
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