A demand function for pseudotransitive preferences

Josep E. Peris and Begoña Subiza

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper deals with the existence and properties of the demand correspondence when agents' preferences are pseudotransitive. It is shown that a consumption plan belongs to the demand mapping if and only if it is a maximizer of a real-valued weak utility function. Further properties, as hemicontinuity and convex-valuedness of the demand mapping, are also analyzed.

Keywords: Pseudotransitive preferences; demand function; weak utility function (search for similar items in EconPapers)
Pages: 23 pages
Date: 1994-03
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http://www.ivie.es/downloads/docs/wpasad/wpasad-1994-04.pdf Fisrt version / Primera version, 1994 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1994-04

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