Quasi-indifference Classes in Utility Theory

Alan F Beardon

Economic Theory, 1995, vol. 6, issue 3, 529-34

Abstract: Although the indifference classes of a strictly monotonic preference relation defined on the positive orthant "Omega" of n-space do not always separate "Omega," one can always construct quasi-indifference classes which do. In many cases the quasi-indifference classes coincide with the indifference classes but, in general, two quasi-indifference classes can intersect. It has been asserted that, on economic grounds, this does not normally happen; here, we examine this assertion from a mathematical point of view.

Date: 1995
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