Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Discover the concept of utility in microeconomics, exploring its origins, types, and applications to analyze consumer ...

Marginal utility helps set product pricing; high initial satisfaction decreases with more units. Some stores use bulk pricing when consumers value additional items less. Progressive taxes assume each ...

Pratt, John W. "How Many Balance Functions Does It Take To Determine A Utility Function?" Journal of Risk and Uncertainty 31, no. 2 (September 2005): 109–127. (Article in Honor of Paul Samuelson's ...