Utility functions on locally connected spaces


Autoria(s): Candeal, JC; Indurain, E; Mehta, GB
Contribuinte(s)

Cornet

B. and Geanakoplos

J.

Data(s)

01/01/2004

Resumo

We investigate the role of local connectedness in utility theory and prove that any continuous total preorder on a locally connected separable space is continuously representable. This is a new simple criterion for the representability of continuous preferences, and is not a consequence of the standard theorems in utility theory that use conditions such as connectedness and separability, second countability, or path-connectedness. Finally we give applications to problems involving the existence of value functions in population ethics and to the problem of proving the existence of continuous utility functions in general equilibrium models with land as one of the commodities. (C) 2003 Elsevier B.V. All rights reserved.

Identificador

http://espace.library.uq.edu.au/view/UQ:70650

Idioma(s)

eng

Publicador

Elsevier

Palavras-Chave #Mathematics, Interdisciplinary Applications #Economics #Social Sciences, Mathematical Methods #Total Preorders #Continuous Utility Functions #Locally Connected Separable Spaces #Representabletopologies #Order-preserving Functions #Topological-spaces #Euclidean-space #Existence #Representation #Theorems #Subsets #C1 #340103 Mathematical Economics #729999 Economic issues not elsewhere classified
Tipo

Journal Article