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Pseudotransitive preferences 1 demand function 1 weak utility function 1
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Ferrando, Josep Enric Peris 1 Martínez, Begoña Subiza 1
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Instituto Valenciano de Investigaciones Económicas (IVIE) 1
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A demand function for pseudotransitive preferences
Ferrando, Josep Enric Peris; Martínez, Begoña Subiza - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1994
This paper deals with the existence and properties of the demand correspondence when agents' preferences are pseudotransitive. It is shown that a consumption plan belongs to the demand mapping if and only if it is a maximizer of a real-valued weak utility function. Further properties, as...
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