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Quasi-linear utility |
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Quasi-linear utilityA utility function of the form U(x0,x1,...,xn) = x0 + Siui(xi), where ui(×) are strictly concave functions. This is useful for generating demand functions for goods xi that depend only on their own prices in terms of the numeraire x0.Similar MatchesPublic Utility Holding Company Act of 1935Public Utility Holding Company Act of 1935Legislation intended to eliminate many holding company abuses by reorganizing the financial structures of holding companies in the gas and electric utility industries and regulating their debt and dividend policies. Dixit-Stiglitz utilityDixit-Stiglitz utilityThe Dixit-Stiglitz function used as a utility function. Utility possibility frontierUtility possibility frontierIn a diagram with levels of individual utility on the axes, a curve showing the maximum attainable levels of utility in a given situation, such as free trade or autarky. Used by Samuelson (1962) to demonstrate the gains from trade. Marginal utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. UtilityUtilityA power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels. Further SuggestionsUtility functionUtility function Utility revenue bond |
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