nonsatiation

nonsatiation
n.

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Universalium. 2010.

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  • nonsatiation — n …   Useful english dictionary

  • Local nonsatiation — The property of local nonsatiation of consumer preferences states that for any bundle of goods there is always another bundle of goods arbitrarily close that is preferred to it. [ Microeconomic Theory , by A. Mas Colell, et al. ISBN 0195073401]… …   Wikipedia

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  • Expenditure minimization problem — In microeconomics, the expenditure minimization problem is another perspective on the utility maximization problem: how much money do I need to be happy? . This question comes in two parts. Given a consumer s utility function, prices, and a… …   Wikipedia

  • Embedding effect — The embedding effect is an issue in environmental economics.The effect suggests the contingent valuation method is not an unbiased approach to measuring policy impacts for cost benefit analysis of environmental, and other government, policies.… …   Wikipedia

  • Monotone preferences — In economics, an agent s preferences are said to be weakly monotonic if, given a consumption bundle x, the agent prefers all consumption bundles y that have more of every good. That is, implies . An agent s preferences are said to be strongly… …   Wikipedia

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