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asked ago by (2.7k points)
edited ago by
The IWTP and the WTPM are two new methods to calculate utility in a view, which comes from the old Marginalist like Walras or Marshall, and uses income and willingness to pay and quantity purchased as the main variables taken to calculate the utility of goods, money and income. Based on the main curves that we can depict in a utility study of a purchase, I develop a utility measuring ratio-scale model quite different from previous assumptions.         https://1drv.ms/b/s!Ap5alRvO4PEGhgLcEOUHq-x15l4Z        Ryan McConnell.
commented ago by (2.7k points)
edited ago by
Utility of Income is fixed. I´m sorry about that problem.

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