Book chapter
Marginal utility
Nádia Simões (Simões, N.); Ana Paula Diogo (Diogo, A. P.);
Book Title
Encyclopedia of quality of life and well-being research
Year (definitive publication)
2020
Language
English
Country
Switzerland
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Abstract
The concept of utility is crucial in explaining consumption decisions. Utility can be defined as the satisfaction that a person derives from consumption (Varian 2014). When we consider specifically the impact of an additional unit of a good in satisfaction, we use the concept of marginal utility
Acknowledgements
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Keywords
Funding Records
Funding Reference Funding Entity
UIDB/00315/2020 Fundação para a Ciência e a Tecnologia