Title of article :
Homothetic and translatable preferences: Utility representation and functional equations involved
Author/Authors :
Candeal، نويسنده , , Juan C.، نويسنده ,
Issue Information :
دوهفته نامه با شماره پیاپی سال 2013
Abstract :
I provide a full characterization of those preferences (total preorders) defined on R n that admit a representation by means of a continuous, homogeneous of degree one and translative utility (order-preserving) function. In addition, I pay attention to the functional form of the kind of representation obtained, including some qualifications such as being continuous and/or monotonic. In particular, a full description of the functions f : R 3 → R that are continuous, homogeneous of degree one, translative and monotonic is presented. Further applications to utility theory and social choice theory are also provided.
Keywords :
Homothetic , Translatable , Continuous total preorder
Journal title :
Journal of Mathematical Analysis and Applications
Journal title :
Journal of Mathematical Analysis and Applications