The law of marginal utility states that customer satisfaction decreases with each unit purchased. So, the more your customers purchase, the less satisfaction they get from each additional purchase. If ...

This paper reviews the empirical evidence on the value of the elasticity of marginal utility for the United Kingdom. This parameter is a key determinant of the social discount rate and also informs ...

Taylor's series and logarithmic estimates of health state-dependent utility functions both imply that job injuries reduce one's utility and marginal utility of income, thus rejecting the monetary loss ...