Indirect Utility Reflecting Anxiety and Flexibility of Choice

Somdeb Lahiri

Journal of Economics and Management, 2018, vol. 14, issue 1, 33-50

Abstract: This paper introduces the concept of an indirect utility function reflecting anxiety of choice and an indirect utility function reflecting flexibility of choice. Using a total of six different properties, we provide separate axiomatic characterisations of these two kinds of indirect utility functions.

Keywords: indirect utility function; anxiety of choice; flexibility of choice (search for similar items in EconPapers)
JEL-codes: D11 D12 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jec:journl:v:14:y:2018:i:1:p:33-50

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