Numerical representation of countably bounded preferences

Citation
M. Estevez et al., Numerical representation of countably bounded preferences, J ECON, 1999, pp. 39-51
Citations number
20
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE
ISSN journal
09318658 → ACNP
Year of publication
1999
Supplement
8
Pages
39 - 51
Database
ISI
SICI code
0931-8658(1999):<39:NROCBP>2.0.ZU;2-F
Abstract
The countable-boundedness property characterizes the complete preorders, de fined on path-connected topological spaces, which are representable by a ut ility function. We extend this concept to pseudotransitive preferences or, more generally, interdependent preferences and we show that the countable b oundedness is a necessary condition for the existence of representation by two numerical functions. Moreover, for a class of spaces more general than the path-connected topological spaces, we use that property to obtain neces sary and sufficient conditions for the representation of a preference by tw o numerical functions. This characterization generalizes several results on representation of preferences.