Multivariate MRS functions and smooth preferences

Norman L. Kleinberg () and Barry K. Ma ()
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Norman L. Kleinberg: Baruch College
Barry K. Ma: Baruch College

Economic Theory Bulletin, 2023, vol. 11, issue 1, No 7, 93-100

Abstract: Abstract We construct a preference ordering and associated utility function from a given set of marginal rate of substitution (MRS) functions. Our method is novel and works for any number of goods, thus filling a gap in the existing literature on consumer behavior.

Keywords: MRS function; Preference ordering; Foliation; Frobenius theorem; Lie bracket; C6; C650; D01; D11 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s40505-023-00243-9

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