Social utility efficiency (SUE) or voter satisfaction efficiency (VSE) is a metric for comparing voting methods which compares them based on the average...

In welfare economics and social choice theory, a social welfare function—also called a social ordering, ranking, utility, or choice function—is a function...

completely random, the Borda count generally has an exceptionally high social utility efficiency. However, the method is highly vulnerable to spoiler effects when...

distributive efficiency when goods are distributed to the people who can gain the most utility from them. Pareto efficiency is an efficiency goal that is...

represents the strategy profile, u represents the utility or benefit, and j represents the player. Efficiency is an important criterion for judging behavior...

1984 by Samuel Merrill III, along with social utility efficiency. A related, generalized measure is Smith efficiency, which measures how often a voting method...

A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service...

same. Resource allocation efficiency includes two aspects: At the macro aspect, it is the allocation efficiency of social resources, which is achieved...

result in the same utility value. Individual and social utility can be construed as the value of a utility function and a social welfare function, respectively...

Kaldor–Hicks efficiency Operational efficiency Pareto efficiency Productive efficiency Optimisation of a social welfare function Utility maximization...

Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task. In...

Social media as a public utility is a theory postulating that social networking sites (such as Facebook, Twitter, YouTube, Google, Instagram, Tumblr, Snapchat...

market, efficiency suffers. When prices exceed the market, prices may not be reasonable. Both events have occurred during the history of utility regulation...

firms maximise utility, and everybody has full and relevant information, which they act upon independently. Graphically, static efficiency is obtained when...

like buses and taxicabs. Utility cycling is known to have several social and economic benefits. Policies that encourage utility cycling have been proposed...

energy efficiency, a faster rate of subjective experience, or greater durations and intensity of pleasure. If their well-being is included in a utility calculation...

Marginal utility, in mainstream economics, describes the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a...

goals, created mandates, and amended utility laws to increase clean energy use and improve overall energy efficiency in the United States. The Act consists...

Neumann-Morgenstern utility function Wage – Wealth – Wealth effect – Welfare – Welfare economics – Welfare trap – Workers' self-management X-efficiency Yield (finance)...

performing actions for social utility. By social utility, he means the well-being of many people. Mill's explanation of the concept of utility in his work, Utilitarianism...

Network (UKRN) is an association of 14 regulators from the United Kingdom's utility, financial and transport sectors. The network: "fosters close working relationships...

rather than as efficiency goals themselves. They are used to determine whether an activity moves the economy toward Pareto efficiency. Any change usually...

{\displaystyle g'\in G(N)} .: 32  Pareto efficiency is another efficiency concept used by economists to study the overall social welfare. A network g {\displaystyle...

Commons has media related to Water efficiency. Water Conservation for Small and Medium-Sized Utilities Water Efficiency A Free Trade Publication Savewater...

to extend a social welfare function consistently across different hypothetical ordinal utility functions even apart from justice. Utility maximization...

\mathbb {R} } be a utility function, describing the amount of happiness an individual i derives from each possible state. A social choice rule is a mechanism...

SCC, is a Virginia (USA) regulatory agency whose authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail...

energy supply and expansion, as well as the traditional efficiency models for power plants and utilities. An SEU is focused on permanently lowering overall...

identified included economic, social, hedonic, and altruistic, in which these were further separated into eight value types: efficiency, excellence, status, esteem...

intensity of preference or cardinal utility can be known or is reflected in social choice, the paradox of social choice can be solved. Kemp, Murray; Asimakopulos...