Bliss point (economics)
In economics, the bliss point is a quantity of consumption where any further increase would make the consumer less satisfied.[1][2] It is a quantity of consumption which maximizes utility in the absence of budget constraint. In other words, it refers to the amount of consumption that would be chosen by a person so rich that money imposed no constraint on his or her decisions.
See also
References
- ^ Binger, B.; Hoffman, E. (1998). Microeconomics with Calculus (2nd ed.). Addison-Wesley. p. 113. ISBN 0-321-01225-9.
- ^ Nason, J. (1991). "The Permanent Income Hypothesis when the Bliss Point is Stochastic" (PDF). Federal Reserve Bank of Minneapolis Discussion Paper 46.
 | This article related to microeconomics is a stub. You can help Wikipedia by expanding it. |