Representing Preferences by Utility Functions

William Bryant

Chapter 4 in Lectures in the Microeconomics of Choice:Foundations, Consumers, and Producers, 2023, pp 235-338 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionDo Utility Functions Exist?Best Element Existence given a Continuous UtilityNot All Preferences are RepresentableSpecial Preferences and Their Utility FunctionsChoice under RiskChoice under UncertaintyIntertemporal ChoiceConclusion

Keywords: Microeconomics; Choice Theory; Axiomatics; Arrow–Debreu Model; Scientific Method; Consumer Preferences; Choice Sets; Best Elements; Transitivity; Continuity; Completeness; Compactness; Behavioral Economics; Preference Maximization; Utility Function; Special Preference Structures; Choice Under Risk; Choice Under Uncertainty; Intertemporal Choice; Primal Approach; Budget Constraint; Monotone Comparative Statics; Market Demand; Duality; Expenditure Function; Indirect Utility; Distance Function; Benefit Function; Frisch Profit Function; Comparative Statics; Revealed Preference; Integrability; Producers; Production Possibility Set; Slutsky Equation (search for similar items in EconPapers)
JEL-codes: C01 C02 D00 D01 D2 (search for similar items in EconPapers)
Date: 2023
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