arXiv Open Access 2021

An Axiom for Concavifiable Preferences in View of Alt's Theory

Yuhki Hosoya

Lihat Sumber

Abstrak

We present a necessary and sufficient condition for Alt's system to be represented by a continuous utility function. Moreover, we present a necessary and sufficient condition for this utility function to be concave. The latter condition can be seen as an extension of Gossen's first law, and thus has an economic interpretation. Together with the above results, we provide a necessary and sufficient condition for Alt's utility to be continuously differentiable.

Topik & Kata Kunci

econ.TH

Penulis (1)

Yuhki Hosoya

Format Sitasi

APA MLA BibTeX

Hosoya, Y. (2021). An Axiom for Concavifiable Preferences in View of Alt's Theory. https://arxiv.org/abs/2102.07237

Akses Cepat

Lihat di Sumber

Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓