Utility Representations of Risk Neutral Preferences in Multiple Dimensions

Jon Eguia

Quarterly Journal of Political Science, 2009, vol. 4, issue 4, 379-385

Abstract: I show that in a multidimensional spatial model, if an agent is risk neutral on each side of the policy space away from his/her ideal point, then his/her utility function is linearly decreasing not in the Euclidean, but rather in the city block distance to the ideal policy of the agent.

Keywords: Utility representation; Spatial models; Multidimensional preferences; Risk neutrality; City block preferences (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:now:jlqjps:100.00009059

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