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marginal utility
(redirected from Marginal utilities)

    Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.marginal utility - (economics) the amount that utility increases with an increase of one unit of an economic good or servicemarginal utility - (economics) the amount that utility increases with an increase of one unit of an economic good or service
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
utility - (economics) a measure that is to be maximized in any situation involving choice
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RPL explicitly accounts for heterogeneity by allowing each individual to have a different preference pattern; instead of estimating a common set of attribute marginal utilities for all respondents, each respondent has his or her own marginal utilities, and the distributions of marginal utilities in the population are estimated.
Estimating distributions of willingness to pay for heterogeneous ... by Das, Chhandita; Anderson, Christopher M.; Swallow, Stephen K. / Southern Economic Journal
This space age technology is gaining in popularity primarily because of the marginal utilities it can offer you, be it time or money, speed or accuracy as far as quick painless hair removal treatments go.
Painless Hair Removal by Sam Natarajan / Women's issues/gender studies community
Incomplete markets As noted in Part II, when markets are incomplete, as in the "great expectations" scenario, and when earning ability is risky, lifetime comparisons are thrown off and individuals with the same lifetime incomes may differ in total utility and have varying period-specific marginal utilities even if they are otherwise identical.
Beyond the pro-consumption tax consensus by Shaviro, Daniel N. / Stanford Law Review
 
 
 
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