Economy of referential preferences

T Goucha

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we introduce basic notions of new economic model where preference relations on commodities set are represented by a group action on Euclidean space instead of utility function. Conditions that ensure the existence of individual demand functions and a general equilibrium in the setting of exchange economy are examined.

Keywords: General equilibrium; Preference Relations; Group theory (search for similar items in EconPapers)
JEL-codes: D50 D51 C62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-mic
Date: 2012-05-12, Revised 2012-06-08
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:39337

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