exponential decay

noun

noun

A decrease where the rate of decrease is proportional to the amount remaining.

The service value of the capital stock, i.e. the product of its price and quantity component, is decomposed into a depreciation component and an interest component, similar to the decomposition which holds under exponential decay.2017, E. Biørn, Taxation, Technology, and the User Cost of Capital, →ISBN, page 239:

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