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. 2020 Mar 13;237(4):943–955. doi: 10.1007/s00213-020-05491-2

Table 1.

Summary of the variables used in the theory described here, along with alternative notations for the same quantities used by other authors

Variable Meaning Other notations
P Price, work performed per unit of good received C
Q Consumption
R Revenue, total work performed at a given price point O
Q0 Preferred consumption level when price is negligible
Rmax Maximum work performed to obtain goods at any price Omax
Pmax Price at which maximum work is performed
P˜max Normalized Pmax, equal to Q0Pmax Pmax,nPmax
α Fitted parameter in exponential model, inversely proportional to Pmax
Normalized α, equal to α/Q0, also called “essential value,” inversely proportional to P˜max α