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Economy of referential preferences
MPRA Paper from University Library of Munich, Germany
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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Downloads: (external link) http://mpra.ub.uni-muenchen.de/39337/ original version (application/pdf)
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:39337
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