In economics, the utility function measures the welfare or satisfaction of a consumer as a function of the consumption of real goods, such as food or clothing. Utility function is widely used in ...

The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

Georges Dionne, Moral Hazard and State-Dependent Utility Function, The Journal of Risk and Insurance, Vol. 49, No. 3 (Sep., 1982), pp. 405-422 ...