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Economy of Referential Preferences A new mathematical approach for choice theory and general equilibrium

Teycir Goucha ()

Theoretical and Applied Economics, 2012, vol. XVIII(2012), issue 9(574), 65-76

Abstract: In this paper we introduce basic notions of a 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 function and a general equilibrium in the setting of exchange economy are examined.

Keywords: preference relations; group theory; general equilibrium. (search for similar items in EconPapers)
Date: 2012
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