Symbol v
the buyer’s value of quality q and c(q) the seller’s reservation value.
Read this term in its guide →Published equation contexts
Why this formula appears here
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 ] .
Read the representative guide
Symbol q
q is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Read this term in its guide →How to interpret it
Read this expression with the definitions, units, and assumptions supplied by the article.
Research cited beside this formula
Published contexts (1)
A symbol can carry a different meaning in another article. Each occurrence keeps its own guide and term definitions.
Equation 18 · Institutions & Economy
When Generation Becomes Free, Attention Becomes the Scarce Good
This mathematical expression combines the displayed quantities; its precise role follows from the surrounding article text.
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 ] .