23 Results for Tag: utility

Happiness Economics

DefinitionThe economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life satisfacti


Manipulation What is 'Manipulation' Manipulation is the act of artificially inflating or deflating the price of a security. In most cases, manipulation is illegal. It is much easier to man

Academy of Accounting Historians

DefinitionThe Academy of Accounting Historians, established in 1973, is a non-profit organization of scholars of accounting history. Academy of Accounting Historians What is 'Academy of Acc

Rational Behavior

Rational Behavior What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of benefit or utility for the ind

Rational Choice Theory

DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic behavior. The basic

Rate Of Return Regulation

DefinitionRate-of-return regulation is a system for setting the prices charged by government-regulated monopolies. The main premise is that monopolies will be compelled to charge the same pr

Same-Day Substitution

Same-Day Substitution What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change in the value of the account. Wh

Pareto Improvement

DefinitionPareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion bett

Value Engineering

DefinitionValue engineering is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function t

Federal Energy Regulatory Commission (FERC)

Federal Energy Regulatory Commission (FERC) What is 'Federal Energy Regulatory Commission - FERC' An independent agency responsible for regulating interstate oil and gas pipelines and sale
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