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Concept

Taux marginal de substitution

Publications associées (6)

Monotonicity in the trip scheduling problem

Nikolaos Geroliminis, Raphael Ali Francis Lamotte

The equilibrium of the archetypal morning commute problem with alpha -,B - gamma preferences has been shown to be unstable with various rational adjustment mechanisms, under both continuous and discrete day-to-day dynamics. It is not clear however whether ...

PERGAMON-ELSEVIER SCIENCE LTD2021

Scheduling trips through a bottleneck: monotonicity and stability

Nikolaos Geroliminis, Raphael Ali Francis Lamotte

This paper investigates the stability of departure time choice within a population of commuters that need to pass through a bottleneck of constant capacity. It is shown that the corresponding utility function is monotonic if and only if the marginal utilit ...

2019

Parameter Learning in General Equilibrium: The Asset Pricing Implications

Pierre Collin-Dufresne

Parameter learning strongly amplifies the impact of macroeconomic shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumpti ...

American Economic Association2016

On quantifying ecologically sustainable flow releases in a diverted river reach

Paolo Perona, Lorenzo Gorla

Water demand for hydropower production has been increasing along with a growing awareness of the importance of preserving riparian ecosystems and their biodiversity. Some Cantons in Switzerland have begun replacing the inadequate concept of Minimum Flow Re ...

Elsevier Science Bv2013

Obtaining natural-like flow releases in diverted river reaches from simple riparian benefit economic models

Paolo Perona

We propose a theoretical river modeling framework for generating variable flow patterns in diverted-streams (i.e., no reservoir). Using a simple economic model and the principle of equal marginal utility in an inverse fashion we first quantify the benefit ...

Elsevier2013

Encoding of Marginal Utility across Time in the Human Brain

Marginal utility theory prescribes the relationship between the objective property of the magnitude of rewards and their subjective value. Despite its pervasive influence, however, there is remarkably little direct empirical evidence for such a theory of v ...

2009