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A utility representation theorem with weaker continuity condition
Authors:Tomoki Inoue
Affiliation:Institute of Mathematical Economics, Bielefeld University, P.O. Box 100131, 33501 Bielefeld, Germany
Abstract:We prove that a mixture continuous preference relation has a utility representation if its domain is a convex subset of a finite dimensional vector space. Our condition on the domain of a preference relation is stronger than Eilenberg (1941) and Debreu (1959, 1964), but our condition on the continuity of a preference relation is strictly weaker than the usual continuity assumed by them.
Keywords:Mixture continuity   Utility representation
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