Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Understand the key differences between marginal utility and marginal benefit—how they affect pricing, consumer behavior, and decision making in economics.

The role of economics in the energy business is continuing to increase, whether you’re selling kilowatt-hours or combined cycle power plants, in both competitive and regulated markets, according to ...

Mainstream economics has long struggled to model ethical behaviour, including what is perhaps its simplest type, altruism. The standard assumption of homo economicus, an agent who maximizes his ...

According to the orthodox treatment of risk preferences in decision theory, they are to be explained in terms of the agent's desires about concrete outcomes. The orthodoxy has been criticized both for ...

Net neutrality activists succeeded last week in getting the FCC to officially consider ruling that private broadband companies should be price and profit regulated like public utilities in order to ...