On the representability of Cr preference relations by utility functions |
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Authors: | Andrew McLennan |
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Institution: | (1) Department of Economics, University of Minnesota, 55455 Minneapolis, MN, USA |
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Abstract: | Summary We give a complete proof of Mas-Colell's 7] result that a continuous transitive preference relation on an open setV l' that isC
r
(in the sense that the indifference relation is aC
r
hypersurface inV xV) is representable by a Cr utility function without critical points.Without implicating them in remaining errors, I would like to acknowledge the helpful comments of Ket Richter and an anonymous referee. |
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Keywords: | |
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