Utility representation of lower separable preferences
Topological separability is crucial for the utility representation of a complete preference relation. When preferences are incomplete, this axiom has suitably defined counterparts: Upper separability and lower separability [Ok, E.A., 2002. Utility representation of an incomplete preference relation. Journal of Economic Theory 104, 429-449]. We consider the problem of representing an incomplete preference relation by means of a vector-valued utility function; we obtain representation results under the lower separability assumption. Our results extend the main representation theorems by Ok [Ok, E.A., 2002. Utility representation of an incomplete preference relation. Journal of Economic Theory 104, 429-449] in terms of the separability axioms.
Year of publication: |
2008
|
---|---|
Authors: | YIlmaz, Özgür |
Published in: |
Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 56.2008, 3, p. 389-394
|
Publisher: |
Elsevier |
Keywords: | D11 Incomplete preferences Utility representation Upper/lower separability Near-completeness |
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