Search results
Results from the WOW.Com Content Network
Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success. [1] In this example, a nation has to choose between two options when spending its finite resources. It may buy either guns (invest in defense/military) or butter (invest in production of goods), or a ...
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
One implication of the Williamson model is that the gains from cost reduction do not have to be "large" in order to outweigh the losses that result from higher prices. [4] This is because the welfare losses associated with the latter tend to be "second-order" (graphically, they are triangles), while the gains tend to be "first-order" (rectangles).
Rather a variant of Brand-Price Trade-Off is used. Total specification price or cost is not treated as one of many specification variables, as in conjoint studies, but treated mainly as a constraint. [citation needed] SIMALTO Modelling is part of the set of trade-off analysis tools used for systematic quantified analysis of decisions.
The term, Tradespace, is a combination of the words "trade-off" and "playspace", where "trade-off" indicates the method of traversing the Tradespace in search of the optimal boundary space (e.g., trading off a cost in one cost center (variant A) for a cost in another cost center (variant B)).
Download as PDF; Printable version; From Wikipedia, the free encyclopedia. Redirect page. Redirect to: Trade-off theory of capital structure; Retrieved from " ...
In contrast, a recursive model involves two or more periods, in which the consumer or producer trades off benefits and costs across the two time periods. This trade-off is sometimes represented in what is called an Euler equation. A time-series path in the recursive model is the result of a series of these two-period decisions.
Social discount rate (SDR) is the discount rate used in computing the value of funds spent on social projects. Discount rates are used to put a present value on costs and benefits that will occur at a later date.