Attar, Andrea, Mariotti, Thomas and Salanié, François (2019) On a Class of Smooth Preferences. Economic Theory Bulletin, vol. 7 (n° 1). pp. 37-57.
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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 |
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Language: | English |
Date: | May 2019 |
Refereed: | Yes |
Uncontrolled Keywords: | Smooth Preferences, Nonmonotonicity, Collective choice |
JEL Classification: | 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: | 23 Aug 2021 13:01 |
OAI Identifier: | oai:tse-fr.eu:32560 |
URI: | https://publications.ut-capitole.fr/id/eprint/25882 |
Available Versions of this Item
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On a Class of Smooth Preferences. (deposited 20 Apr 2017 09:45)
- On a Class of Smooth Preferences. (deposited 22 May 2018 09:50) [Currently Displayed]