Laurence Carassus, Miklós Rásonyi, Maximization of Nonconcave Utility Functions in Discrete-Time Financial Market Models, Mathematics of Operations Research, Vol. 41, No. 1 (February 2016), pp.

The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...

The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

When economists look at utility maximizing, they do so assuming that the individual cares only about their own utility, and not about the bigger world in general. I propose that research is often not ...

Consumer actions are based on the goal of total utility maximization, which leads to purchasing units perceived to have the greatest utility satisfaction. Economists seek to quantify utility and ...