An existence result and a characterization of the least concave utility of quasi-linear preferences

Yuhki Hosoya

Journal of Mathematical Economics, 2011, vol. 47, issue 2, 251-252

Abstract: Abstract This note shows that there exists a least concave utility function of a convex quasi-linear preference relation and that a utility function of a convex quasi-linear preference relation is least concave iff it is of the form u(x)Â +Â cy.

Keywords: Least; concave; utility; Quasi-linear; preference (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:47:y:2011:i:2:p:251-252

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