George Monbiot wants to tell us all that coaches and public transport, bicycles, are much more efficient methods of transport than the private car, therefore to increase utility we should all be using ...

A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...

In the 19th century, when European thinkers began developing the economic principle of diminishing marginal utility, they probably weren’t dwelling on its implications for the best strategy for ...

This study assessed the loss of utility and indirect costs associated with first cardiovascular events. Data was collected (using EQ-5D) prospectively at 3, 6, and 12 months following an event in the ...

The provision and pricing of water and electricity services are perennial policy concerns in developing countries. In this talk delivered on December 8, 2020, World Bank economist Hanan Jacoby helped ...

The Little Rock Water Reclamation Authority's activities generated close to $2.6 billion in total economic impact over a recent 10-year period, according to a study released on Tuesday. The figure ...