positive with Law of Mass Action of reversible economic (chemical) reactions. Study of utility ( I call utility as all that a … human being needs) helps us understand Quantity Theory better. Utility and water have similarities. Water is a form of … matter and utility is a form of wealth. Water is universal solvent and so is utility. All other forms of wealth dissolve in …

Marshall's Utility which is nothing but need or usefulness satisfies the requirements of wealth. It can be expressed in … concentration. Like water in chemistry, this utility is a universal solvent in economics in which all other forms of wealth dissolve …. This utility is made up of two components; A)goods and services that are otherwise called WANTS and B)money and money …

takes into account not only the utility of the per-period outcomes (instantaneous payoffs,) but also the differences between … the utility of pairs of adjacent outcomes, and the direction of the differences (gains or losses). In this framework loss …

A formal scheme is described for coalition formation in a game of interconnected participants with monotonic utility … functions. Special coalitions are studied which have an advantage over the rest in the sense of higher utility for each of the …

We apply Maslow’s hierarchy of needs to the concept of utility and then go on to a new model where individual …

lifetime annuities by married couples. With this aim in mind, we develop an optimization model of the utility provided by …