On a Class of Smooth Preferences

Attar, Andrea, Mariotti, Thomas and Salanié, François (2019) On a Class of Smooth Preferences. Economic Theory Bulletin, 7 (1). pp. 37-57.

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Official URL: http://tse-fr.eu/pub/32560

Abstract

We construct a complete space of smooth strictly convex preferences defined over commodities and monetary transfers. Our model extends the classical one in that preferences are strictly monotone in monetary transfers, but need not be monotone in all commodities. We thereby provide a natural framework for performing genericity analyses in situations involving inventory costs or decisions under risk. The constructed space of preferences is contractible, which allows for a natural aggregation procedure in collective decision situations.

Item Type: Article
Language: English
Date: May 2019
Refereed: Yes
Uncontrolled Keywords: Smooth Preferences, Nonmonotonicity, Collective choice
JEL codes: C60 - General
D11 - Consumer Economics - Theory
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 22 May 2018 09:50
Last Modified: 28 Jun 2019 14:28
OAI ID: oai:tse-fr.eu:32560
URI: http://publications.ut-capitole.fr/id/eprint/25882

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