An axiomatization of continuous quasilinear utility

Yann Rébillé

Decisions in Economics and Finance, 2017, vol. 40, issue 1, No 16, 315 pages

Abstract: Abstract Quasilinear utility functions are often met in various economic applications. We provide an axiomatization of preferences that are representable by a continuous quasilinear utility function. Following the topological approach and building on existing results (Wakker in J Math Psychol 32:421–435, 1988), we obtain representation theorems on connected topological spaces. A direct proof for general topological spaces is achieved.

Keywords: Quasilinear utility; Preferences representation; Cauchy’s functional equation; Connectedness (search for similar items in EconPapers)
JEL-codes: D11 D61 D81 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s10203-017-0202-z

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