What is a commodity? Two axiomatic answers

We identify conditions under which preferences over subsets of a consumption world can be reduced to preferences over bundles of "commodities". We distinguish ordinal bundles, whose coordinates are defined up to monotone transformations, from cardinal bundles, whose coordinates are defined up to positive linear transformations. Copyright Springer-Verlag Berlin/Heidelberg 2004

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Year of publication:	2004
Authors:	Sprumont, Yves
Published in:	Economic Theory. - Springer. - Vol. 23.2004, 2, p. 429-437
Publisher:	Springer
Subject:	Commodity \| Preference \| Ordinal measure \| Cardinal measure

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005370660