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economic value


  • WordNet 3.6
    • n economic value the amount (of money or goods or services) that is considered to be a fair equivalent for something else "he tried to estimate the value of the produce at normal prices"
    • ***


In literature:

The economic value of the new treatment of milk fever is enormous.
"Special Report on Diseases of Cattle" by U.S. Department of Agriculture
We have yet to understand the economical value of these mere accomplishments.
"The Works of Robert Louis Stevenson - Swanston Edition" by Robert Louis Stevenson
He may, indeed, be a soil robber, but by his waste of economic values he and other men are learning to conserve.
"The Evolution of the Country Community" by Warren H. Wilson
Because of its mystery and its economic value, it was early connected with religion and made sacred in many instances.
"History of Human Society" by Frank W. Blackmar
It is, however, a truism of economics that this value itself tends under competition to conform to the cost of creating it.
"Essentials of Economic Theory" by John Bates Clark
A few members of the order are of economic value, e.g.
"Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 7" by Various
The traditional economic and value base has been destroyed by the elimination of private property.
"Area Handbook for Bulgaria" by Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole
Economic values arise in connection with attitudes toward things.
"Creative Intelligence" by John Dewey, Addison W. Moore, Harold Chapman Brown, George H. Mead, Boyd H. Bode, Henry Waldgrave, Stuart James, Hayden Tufts, Horace M. Kallen
The wattle or acacia includes about 300 species, some of them of considerable economic value, yielding good timber or bark for tanning.
"The New Gresham Encyclopedia. Vol. 1 Part 3" by Various
There are two species of ostriches, but only one of these is of economic value.
"Our Domestic Birds" by John H. Robinson
But with all deductions there seems to be a chance of revenue in such a tax, and a certain general economic value.
"The African Colony" by John Buchan
Mr. Leach in his lecture has dwelt sufficiently on the economic and scientific value of bird-study.
"An Australian Bird Book" by John Albert Leach
Legal and moral values do, in part, derive their power from economic values.
"The Value of Money" by Benjamin M. Anderson, Jr.
What is the economic value of the very small crustacea?
"A Guide for the Study of Animals" by Worrallo Whitney
The kinds of greatest economic value are sturgeon, shad, salmon, lampreys, eels, pike and whiting.
"Encyclopaedia Britannica, 11th Edition, Volume 9, Slice 2" by Various
The forest is open, stunted, and of no economic value.
"Wood and Forest" by William Noyes
The great economic changes which depreciated the value of the king's domain contributed towards the result.
"Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 3" by Various
After every feast there would be a residuum of hide and bones which would gradually assume economic value.
"Man, Past and Present" by Agustus Henry Keane
The fruits of C. pseudolimonum have no economic value.
"The Philippine Agricultural Review" by Various
According to Smith, the universal measure of economical value is Labor.
"The Campaner Thal and Other Writings" by Jean Paul Friedrich Richter

In news:

But this year, only ten percent of it will be of any value to farmers, and officials say the county could suffer one of the worst economic hits it has ever seen.
A mining engineer and geologist says it's time to economically value the greenhouse gas-trapping potential of mine waste and start making money from it.
Too often, what I hear carries no economic value, but rather seeks to promote a political agenda.
But the North Carolina Utilities Commission said Tuesday the deals have no commercial value, so disclosing them wouldn't give anyone else an economic advantage.
The industry already exports products to the value of GBP18bn annually but Paterson believes the sector can do more - and claims it can be a "huge" driver of the UK's economic recovery.
"Just as we do with exports of grain, cars, and other American products, by exporting LNG, we can create economic value that would not have existed otherwise," Williams told the audience.
The recent economic downturn has sparked a media frenzy over the value of graduate school.
"Consistent with Hershey 's values, we are directly addressing the economic and social issues that impact West Africa's two million cocoa farmers and families," Hershey chief executive J.P.
ISO Poly Avoids Economic Woes With High-Value Films.
One of the ongoing struggles for any profession is maintaining relevance in a world in which technical, economic and social changes are continually shifting individual and organizational values, perspectives and priorities.
"The NPS is proposing to prohibit the take between May 1 and Aug 9 because it is the period when wolves and coyotes are denning and raising offspring and their pelts have little trophy or economic value," the Park Service said.
Giving customers value is what most retailers and wholesalers are doing during the economic slump.
" Outlets have always done well in an economic downturn," says Linda Humphers, editor of Value Retail News, an industry trade publication.
It is based on common interests and values, including a shared commitment to promoting economic prosperity, human rights and international law.
It provides jobs to residents within a 100-mile radius of the community and is a valued contributor to its economic growth.

In science:

The study of the statistics of extreme values has found many applications in diverse areas such as geophysics, metereology, economics, structural engineering, ocean waves, and dynamical systems.
Extreme statistics of complex random and quantum chaotic states
The mean value < y > of a PDF y is conserved, that is < T y >=< y > for any y ∈ B . (It means that the mean wealth, and by extension the total richness, of the economic system are preserved in time).
A Generalized Continuous Model for Random Markets
There is not unanimity of opinions, in economic literature, about the actual possibility of traders to predict financial values.
The beneficial role of random strategies in social and financial systems
The potential benefits are huge: reducing the impact of major societal and economic problems by only 1 percent would save the European Union billions of Euros every year. Similar to weather forecasts, it is expected that FuturICT can create value that is many times higher than the required investments.
Thus, besides reducing the societal costs of problems such as the above, FuturICT will also facilitate the generation of new economic value based on innovation from information.
To be economical with parameters a sharp cut was introduced, assuming that only the soft pomeron couples if both dipoles are larger than a certain value Rc whereas the hard pomeron couples if at least one of the dipoles is smaller than Rc .
A Comprehensive Approach to Structure Functions
Typical values as can be found from economic time series are in the range of about 3 to 4.
Precise finite-sample quantiles of the Jarque-Bera adjusted Lagrange multiplier test
In no case, to our knowledge, were specifics given about the methodology used to obtain these estimates, and one could wonder about the economic justification for such a change in value in only a few months period.
Valuation of Zynga
Digital Ecosystems aim to help local economic actors become active players in globalisation, valorising their local culture and vocations, and enabling them to interact and create value networks at the global level (Dini et al., 2008; Stanley and Briscoe, 2010).
Self-Organisation of Evolving Agent Populations in Digital Ecosystems
One fruitful line of research views agents from an “economic” perspective (Boutilier, Shoham, & Wellman, 1997): An agent interacts with an environment and receives real-valued rewards and penalties.
Hierarchical Reinforcement Learning with the MAXQ Value Function Decomposition
Furthermore, the economic formalism makes it possible to incorporate uncertainty—we can require the agent to maximize the expected value of the total reward in the face of random events in the world.
Hierarchical Reinforcement Learning with the MAXQ Value Function Decomposition
III (1990). “Symmetries, Dynamic Equilibria, and the Value Function”, in Conservation Laws and Symmetry: Applications to Economics and Finance, R.
Consumption and Portfolio Rules for Time-Inconsistent Investors
Economic Commentary of the Federal Reserve Bank of Cleveland, 1-3 (2006). For the calculation of Θ and ∆, we choose values of L and λ to be on the order of a couple trading weeks prior to the announcement, so that we isolate fresh speculation leading into the meeting.
Quantitative law describing market dynamics before and after interest-rate change
The function Λ is homogeneous of weight one in the economic parameters; its value thus depends on a choice of units.
Notes on two elementary evolutionary games
A generalization of the result of this paper to Kakutani’s fixed point theorem for multi-valued functions with property of sequential local non-constancy and its application to economic theory.
Constructive proof of Brouwer's fixed point theorem for sequentially locally non-constant and uniformly sequentially continuous functions by Sperner's lemma