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On the representability of Cr preference relations by utility functions
Authors:Andrew McLennan
Institution:(1) Department of Economics, University of Minnesota, 55455 Minneapolis, MN, USA
Abstract:Summary We give a complete proof of Mas-Colell's 7] result that a continuous transitive preference relation on an open setV sub Ropfl' 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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