Approximation of convex preferences

Yakar Kannai

doi:10.1016/0304-4068(74)90001-9

Approximation of convex preferences

Yakar Kannai

Hebrew University of Jerusalem

Research output: Contribution to journal › Article › peer-review

25 Scopus citations

Abstract

It is shown geometrically that a monotone concave preference order can be approximated by orders representable by a concave utility function. This is applied to proving that preferences with 'desirable' properties (such as inducing smooth excess demand functions, analyticity, strict convexity) are dense.

Original language	English
Pages (from-to)	101-106
Number of pages	6
Journal	Journal of Mathematical Economics
Volume	1
Issue number	2
DOIs	https://doi.org/10.1016/0304-4068(74)90001-9
State	Published - Aug 1974
Externally published	Yes

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Approximation of convex preferences

Abstract

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