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

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 ...

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 ...