A demand function for pseudotransitive preferences

  1. Josep Enric Peris Ferrando
  2. Begoña Subiza Martínez
Zeitschrift:
Working papers = Documentos de trabajo: Serie AD

Datum der Publikation: 1994

Nummer: 4

Seiten: 1-24

Art: Arbeitsdokument

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Zusammenfassung

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.

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