What Is a Commody? Two Axiomatic Anwers

Yves Sprumont ()

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: We identify conditions under which preferences over sets of consumption opportunities can be reduced to preferences over bundles of "commodities". We distinguish ordinal bundles, whose coordinates are defined up to monotone transformations, from cardinal bundles, whose coordinates are defined up to positive linear transformations only.

Keywords: commodity; eference; ordinal measure; cardinal measure (search for similar items in EconPapers)
JEL-codes: D81 D91 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2001
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Working Paper: What Is a Commody? Two Axiomatic Anwers (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:2001-03

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