A demand function for pseudotransitive preferences

This paper deals with the existence and properties of the demand correspondence when agents' preferences are pseudotransitive. It is shown that a consumption plan belongs to the demand mapping if and only if it is a maximizer of a real-valued weak utility function. Further properties, as hemicontinuity and convex-valuedness of the demand mapping, are also analyzed.

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Year of publication:	1994-03
Authors:	Ferrando, Josep Enric Peris ; Martínez, Begoña Subiza
Institutions:	Instituto Valenciano de Investigaciones Económicas (IVIE)
Subject:	Pseudotransitive preferences \| demand function \| weak utility function

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Extent:	application/pdf
Series:	Working Papers. Serie AD.
Type of publication:	Book / Working Paper
Notes:	Published by Ivie 23 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008557123