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Preference share |
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Preference sharePreferred shares of a corporation that have first claim to preferred dividends.Preference share Similar MatchesIdentical preferencesIdentical preferencesThe assumption that individuals -- either within a country or in different countries -- have the same preferences. To be useful, since individuals' and countries' incomes may differ, the assumption is often used together with homothetic preferences. Homothetic preferencesHomothetic preferencesTogether with identical preferences, this assumption is used for many propositions in trade theory, in order to assure that consumers with different incomes but facing the same prices will demand goods in the same proportions. Preference for varietyPreference for varietyThe increased utility that people experience when they have access to a larger number of differentiated product varieties. In reality this may reflect their ability to find products more closely suited to their own particular needs, but as modeled in the Dixit-Stiglitz utility function, they are better off consuming small quantities of each of a larger number of products. PreferencesPreferences1. In trade policy, this refers to special advantages, such as lower-than-MFN tariffs, accorded to another country's exports, usually in order to promote that country's development. See GSP. 2. In trade theory, this refers to the attitudes of consumers toward different goods, as represented by a utility function. Some propositions in trade theory use the assumption of identical and/or homothetic preferences. Stepped preference sharesStepped preference sharesPreference shares with dividends which increase annually by a specified amount and with a predetermined capital return. Further Suggestionsparticipating preference sharesRevealed preference preference shares Generalized System of Preferences Tax preference item Loan Preference Principle Preference stock Community preferences Weak axiom of revealed preference Liquidity preference hypothesis Tariff preference redeemable preference shares Involuntary liquidation preference cumulative preference shares |
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