Utility Representations of Risk Neutral Preferences in Multiple Dimensions

I show that in a multidimensional spatial model, if an agent is risk neutral on each side of the policy space away from his/her ideal point, then his/her utility function is linearly decreasing not in the Euclidean, but rather in the city block distance to the ideal policy of the agent.

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Year of publication:	2009
Authors:	Eguia, Jon X.
Published in:	Quarterly Journal of Political Science. - now publishers. - Vol. 4.2009, 4, p. 379-385
Publisher:	now publishers
Subject:	Utility representation \| Spatial models \| Multidimensional preferences \| Risk neutrality \| City block preferences

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Extent:	application/xml
Type of publication:	Article
Other identifiers:	10.1561/100.00009059 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010698766