What Is a Commody? Two Axiomatic Anwers

We identify conditions under which preferences over sets of consumption opportunities 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 only.

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Year of publication:	2001
Authors:	SPRUMONT, Yves
Institutions:	Département de Sciences Économiques, Université de Montréal
Subject:	commodity \| eference \| ordinal measure \| cardinal measure

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005545658