Continuous Utility Functions for Noninferior Demand Functions

Susanne Fuchs-Seliger

Economic Theory, 1996, vol. 8, issue 1, 183-88

Abstract: It is shown that if a demand function with no inferior goods satisfies the Slutsky conditions and has a convex range, then it is generated by a continuous utility function. The same conclusion holds when the Slutsky conditions are replaced by the strong axiom of revealed preference.

Date: 1996
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