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Measuring utility. An old approach reshaped.
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asked
4 years
ago
by
Ryan_McConnell
(
2.7k
points)
edited
4 years
ago
by
Ryan_McConnell
The IWTP and the WTPM are two new methods to calculate utility in a view, which comes from the old Marginalist like Walras or Marshall, and uses income and willingness to pay and quantity purchased as the main variables taken to calculate the utility of goods, money and income. Based on the main curves that we can depict in a utility study of a purchase, I develop a utility measuring ratio-scale model quite different from previous assumptions.
https://1drv.ms/b/s!Ap5alRvO4PEGhgLcEOUHq-x15l4Z
Ryan McConnell.
microeconomics
utility
measuring
commented
4 years
ago
by
Ryan_McConnell
(
2.7k
points)
edited
4 years
ago
by
Ryan_McConnell
Utility of Income is fixed. I´m sorry about that problem.
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