Foundations of spatial preferences
Abstract I provide an axiomatic foundation for the assumption of specific utility functions in a multidimensional spatial model, endogenizing the spatial representation of the set of alternatives. Given a set of objects with multiple attributes, I find simple necessary and sufficient conditions on preferences such that there exists a mapping of the set of objects into a Euclidean space where the utility function of the agent is linear city block, quadratic Euclidean, or more generally, it is the [delta] power of one of Minkowski (1886) metric functions. In a society with multiple agents I characterize the set of preferences that are representable by weighted linear city block utility functions, and I discuss how the result extends to other Minkowski utility functions.
Year of publication: |
2011
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Authors: | Eguia, Jon X. |
Published in: |
Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 47.2011, 2, p. 200-205
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Publisher: |
Elsevier |
Keywords: | Utility representation Spatial models Multidimensional preferences Spatial representation |
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