The economic rent a worker receives when the net value of her job exceeds the net value of her next […]

The contract that grants the right for a customer to use a vendor’s software system.

Produced by the workings of a model rather than coming from outside the model. See also: exogenous

The facts about an individual that may affect his or her income, such as the physical wealth a person has, […]

People value belongings more highly than they otherwise would, had they not owned them.

Appending demographic or lifestyle data to a list.

This is the market value of a business. It is calculated by market capitalisation times current share price, minus cash, […]

A person who creates or is an early adopter of new technologies, organizational forms, and other opportunities.

A curve on which all points are combinations of environmental quality and consumption that are equally valued by an individual […]

A model outcome that is self-perpetuating. In this case, something of interest does not change unless an outside or external […]