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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 MatchesUtility revenue bondUtility revenue bondA municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished. Marginal utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. Public 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. 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. Utility functionUtility functionA function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes other considerations). Represents both their welfare and their preferences. Further SuggestionsDixit-Stiglitz utilityUtility function Utility possibility frontier |
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