A utility representation theorem for general revealed preference

Mikhail Freer and Cesar Martinelli

Mathematical Social Sciences, 2021, vol. 111, issue C, 68-76

Abstract: We provide a utility representation theorem for the revealed preference of an agent choosing in an arbitrary space endowed with a separable partial order. The result can be applied to construct new revealed preference tests for choices over infinite consumption streams and probability distribution spaces, among other cases of interest in economics. As an illustration, we construct revealed preference tests for best-responding behavior in strategic games and infinite horizon consumption problems.

Keywords: Revealed preferences; Representation theorem; Preference extensions; Equilibrium play; Intertemporal consumption (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:111:y:2021:i:c:p:68-76

DOI: 10.1016/j.mathsocsci.2021.03.018

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