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  1. 1 Studia Ekonomiczne

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  1. 1 Piasecki K.

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  1. 1 2013

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O istocie wartości bieżącej

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Piasecki K.
Studia Ekonomiczne
|
2013
|
vol. 154
82-91
EN
Theoretical basis for discussion is the natural nonlinear preorder defined on the set of financial flows. Then there exists a utility function consistent with this preorder. Two financial flows are equivalent iff their utilities are equal. Then we can show that the present value of financial flow is equal to its utility. Lack of capital synergy is not a necessary condition for this thesis.
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