On the spatial representation of preference profiles
Economic Theory, 2013, vol. 52, issue 1, 103-128
Given a set of alternatives with multiple attributes, I characterize the set of preference profiles that are representable by weighted versions of a class of utility functions indexed by a parameter δ > 0, where δ ≥ 1 corresponds to the set of Minkowski’s ( 1886 ) metric functions. In light of the starkly different consequences between representability with δ ≤ 1 or with δ > 1, I propose a test to empirically estimate δ and I discuss the theoretical and empirical implications for spatial models of political competition. Copyright Springer-Verlag 2013
Keywords: Utility representation; Spatial models; Multidimensional preferences; Spatial representation; D81; D72 (search for similar items in EconPapers)
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