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Technology Stocks : AUTOHOME, Inc
ATHM 23.62+1.0%2:52 PM EST

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To: JayPC who wrote (18736)1/13/2000 1:34:00 AM
From: ahhaha  Read Replies (2) of 29970
 
DEF. lead = dU > dUi where dU is the instantaneous utility of the marginal ATHM sub and dUi is the same for the i-th ISP.

Squandering means that k declines in time where dU + k = dUa

Intuitively, the lead means a company will get the most money from subs even if they don't have the most subs.
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