Concept

Marginal rate of substitution

Related publications (21)

Do peatlands hibernate?

Alexandre Buttler, Vincent Eric Jules Jassey, Constant Signarbieux, Robert Thomas Edmund Mills

Winter seasonality with low amounts of incoming radiation, frost and snow cover characterize large areas at mid- and high latitudes, especially in the arctic and in mountain ranges. Because of these adverse conditions, it is often assumed that ecosystem pr ...

2014

Online Extreme Evolutionary Learning Machines

Dario Floreano, Joshua Evan Auerbach

Recently, the notion that the brain is fundamentally a prediction machine has gained traction within the cognitive science community. Consequently, the ability to learn accurate predictors from experience is crucial to creating intelligent robots. However, ...

The MIT Press2014

On quantifying ecologically sustainable flow releases in a diverted river reach

Paolo Perona, Lorenzo Gorla

Water demand for hydropower production has been increasing along with a growing awareness of the importance of preserving riparian ecosystems and their biodiversity. Some Cantons in Switzerland have begun replacing the inadequate concept of Minimum Flow Re ...

Elsevier Science Bv2013

Obtaining natural-like flow releases in diverted river reaches from simple riparian benefit economic models

Paolo Perona

We propose a theoretical river modeling framework for generating variable flow patterns in diverted-streams (i.e., no reservoir). Using a simple economic model and the principle of equal marginal utility in an inverse fashion we first quantify the benefit ...

Elsevier2013

Parameter Learning in General Equilibrium: The Asset Pricing Implications

Pierre Collin Dufresne

Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks ...

Columbia Business School2012

Chute aerators: Pre-aerated approach flow

Michael Pfister

Long spillways often include more than one chute aerator to assure an appropriate cavitation protection. The first aerator guarantees sufficient bottom air concentration along a limited streamwise distance attributed to deaeration. Further downstream, the ...

2011

Encoding of Marginal Utility across Time in the Human Brain

Marginal utility theory prescribes the relationship between the objective property of the magnitude of rewards and their subjective value. Despite its pervasive influence, however, there is remarkably little direct empirical evidence for such a theory of v ...

2009

Query-Driven Indexing for Scalable Peer-to-Peer Text Retrieval

Karl Aberer, Martin Rajman, Vinh Toan Luu, Ivana Podnar, Gleb Skobeltsyn

In this paper, we present a query-driven indexing/retrieval strategy for efficient full text retrieval from large document collections distributed within a structured P2P network. Our indexing strategy is based on two important properties: (1) the generate ...

2009

Equilibrium Prices for Monetary Utility Functions

Damir Filipovic

This paper provides sufficient and necessary conditions for the existence of equilibrium pricing rules for monetary utility functions under convex consumption constraints. These utility functions are characterized by the assumption of a fully fungible nume ...

World Scientific Publishing2008

Query-Driven Indexing for Peer-to-Peer Text Retrieval

Karl Aberer, Martin Rajman, Vinh Toan Luu, Ivana Podnar, Gleb Skobeltsyn

We present a query-driven algorithm for the distributed indexing of large document collections within structured P2P networks. To cope with the bandwidth consumption problem that has been identified as the major issue for the standard distributed approach ...

2006

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