English, Article, Journal or magazine article edition: Biased Quantitative Measurement of Interval Ordered Homothetic Preferences Marc Le Menestrel; Bertrand Lemaire

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Biased Quantitative Measurement of Interval Ordered Homothetic Preferences
Author
  • Marc Le Menestrel
  • Bertrand Lemaire
Physical Description
  • preprint
Notes
  • We represent interval ordered homothetic preferences with a quantitative homothetic utility function and a multiplicative bias. When preferences are weakly ordered (i.e. when indifference is transitive), such a bias equals 1. When indifference is intransitive, the biasing factor is a positive function smaller than 1 and measures a threshold of indifference. We show that the bias is constant if and only if preferences are semiordered, and we identify conditions ensuring a linear utility function. We illustrate our approach with indifference sets on a two dimensional commodity space.
  • Weak order, semiorder, interval order, intransitive indifference, independence, homothetic, representation, linear utility
  • RePEc:upf:upfgen:789
Language
  • English
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