Time preferences of goods value consumer

Konstantin Matusevich
PhD in Economics, Associate Professor, Department of Economic Theory, Rivne State Humanitarian University, е-mail:matusevich83@gmail.com

Cite this article:

Matusevich, K. (2017), Time preferences of goods value consumer. Ed.: M. Zveryakov (ed.-in-ch.) and others [Chasovi vpodobannia spozhyvchoi vartosti blah; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 1 (62), pp. 9–14.

Abstract

Development and application of goods «time preferences» concept in the economic theory are considered in the article. Mechanism of goods time preferences influence on formation of value in use that is value of these goods and relevant market-based pricing were studied. Overcoming artificial identification of goods value and cost concepts was proposed. It is shown that theoretical basis of goods time preferences have positive impact in goods use value theory cognition as well as in understanding of market-based pricing subjective factors and pricing mechanism.

Keywords

goods time preferences; value of goods; prices of goods; loan interest; price of capital.

JEL classification: A110;  DOI: https://doi.org/10.33987/vsed.1(62).2017.9-14

UD classification: 330.101

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