This paper presents a new model of time-additive consumption-wealth utility. Like recursive utility, this model …

Public Utilities Commissions (PUCs) are charged with regulating a public utility's rates at levels that serve the … public's interest while allowing the utility's investors to earn a rate commensurate with that expected by businesses facing …

Utility tokens are digital currencies that serve as the only accepted means of payment for services and products …’s issuance, distribution, allocation, and potential destruction. The chapter describes utility tokens, compares them with other … tokenomic designs, discusses different regulatory approaches, and provides examples of current utility token applications in …

This paper introduces the concept of range-dependent utility. Instead of reference dependence which evaluates outcomes … decision maker is a fully rational expected utility maximizer only within a certain range. Range-dependent utility enables …-dependent utilities can be normalized to obtain decision utility -- a single utility function able to describe decisions involving …

A number of authors have suggested that investors derive utility from realizing gains and losses on assets that they … own. We present a model of this quot;realization utility,quot; analyze its predictions, and show that it can shed light on …

In a networked utility setting (few, predominantly monopoly providers), it is very hard to measure the extent of grand … measure the impact of poor governance at the level of the utility, and we have a number of tools to improve their governance …

A number of authors have suggested that investors derive utility from realizing gains and losses on assets that they … own. We present a model of this "realization utility," analyze its predictions, and show that it can shed light on a …

. Lesser forms of patent protection for inventions, namely, utility models or short term or petty patents, constitute one of … such rights are necessary to foster innovation in a capitalist economy. The article further asserts that such utility …