On Representation and Weighted Utilitarian Representation of Preference Orders on Finite Utility Streams
Tapan Mitra and
Working Papers from Cornell University, Center for Analytic Economics
In this paper we re-examine the axiomatic basis of the key result on weighted utilitarian representation of preference orders on finite utility streams. We show that a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Strong Pareto need not have a representation, and thus in particular a weighted utilitarian representation. The example establishing this result might also be of interest for the literature on the representation of preference orders. We then establish that whenever a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Weak Pareto has a representation, it also has a weighted utilitarian representation. Our approach helps us to view the available results on the weighted utilitarian representation theorem from a different perspective.
JEL-codes: D60 D70 D90 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ecl:corcae:10-05
Access Statistics for this paper
More papers in Working Papers from Cornell University, Center for Analytic Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().