Equation 18 · Part 1 · When Generation Becomes Free, Attention Becomes the Scarce Good
Symbol v
What this part means
the buyer’s value of quality q and c(q) the seller’s reservation value.
Its job in the formula
v is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Full expression→Symbol v→Article meaning
Where the article explains it
where v(q) is the buyer’s value of quality q and c(q) the seller’s reservation value.
The passage around this formula
where v(q) is the buyer’s value of quality q and c(q) the seller’s reservation value. Only sellers whose reservation value lies below the prevailing price participate, and the price is the expectation over exactly that self-selected pool [ 2 ] .
Learn the underlying idea
A function assigns an output to each allowed input. The expression f(x) means “apply f to x”.
Open the illustrated functions: inputs become outputs guide →
See this notation across published equations →
Sources cited in the surrounding passage
These citations provide research context; check each source for the exact claim it supports.