discounted utility

Or they could move into containers, supplied for free, with discounted utility charges.

The dominant model in economics which explains it is discounted utility (DU).

And for simplicity's sake, the total utility of a bundle of goods is the sum of their discounted utilities to the consumer.

In the 1950s, more well-defined models built on discounted utility theory and approached the question of inter-temporal consumption as a lifetime income optimization problem.

Expected utility and discounted utility models began to gain acceptance, generating testable hypotheses about decision making given uncertainty and intertemporal consumption respectively.

The state designation is intended to help neighborhoods keep existing businesses and attract new ones with tax credits, low-interest loans, reduced property taxes and discounted utility bills.

Discounted utility is an economics term in which economists, accountants, underwriters, and other financial analysts include the future discounted value of a good in its present value.

Indeed, it took millions of dollars of state loans, concessionary contracts from the unions and discounted utility rates simply to arrange the management buyout that saved the bar mill.

The ordinance would have allowed tax abatements, increased the site density, discounted utility rates, changed the zoning of some sites and allowed developers to buy building materials tax free.

"Turnpike Theory, Discounted Utility, and the von Neumann Facet" Journal of Economic Theory, 1983.

The problem of optimal consumption and investment is concerned with the decisions of a single agent endowed with some initial wealth who seeks to maximize total expected discounted utility of consumption.

The idea of Cardinal utility is considered outdated except for specific contexts such as decision making under risk, utilitarian welfare evaluations, and discounted utilities for intertemporal evaluations where it is still applied.

The addict knows exactly how the good will affect him, and the reason he consumes more and more ("gets hooked") is that this is the pattern of consumption that maximizes his discounted utility.

The discounted utility approach: Intertemporal choices are no different from other choices, except that some consequences are delayed and hence must be anticipated and discounted (i.e. reweighted to take into account the delay).

Because the total utility to the consumer is a simple sum of the discounted utilities of all the possible goods in the economy, finding the optimal plan at any period is just a linear programming problem, and the results are a fixed ratio of construction activities of all the objects produced at that period.

For nearly 80 years, economists have analyzed intertemporal decisions using the discounted utility (DU) model, which assumes that people evaluate the pleasures and pains resulting from a decision in much the same way that financial markets evaluate losses and gains, exponentially 'discounting' the value of outcomes according to how delayed they are in time.