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Topological complexity of manifolds of preferences

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  • Chichilnisky, Graciela

Abstract

The problem of endowing preferences with manifold structures emerged from discussions with Gerard Debreu in 1975 . Time has shown that such structures can be useful in understanding the behavior of economic systems . In Chichilnisky (1976) spaces of smooth preferences were endowed with a Hilbert manifold structure, and this was used to study the existence and structural stability of competitive equilibria in economies where preferences might be non-monotonic and non-convex . This paper constructs manifolds of preferences and applies this construction to the aggregation of preferences . We examine the topological complexity of manifolds of smooth preferences and use this to determine when appropriate aggregation rules exist and when they do not .

Suggested Citation

  • Chichilnisky, Graciela, 1986. "Topological complexity of manifolds of preferences," MPRA Paper 8119, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8119
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    File URL: https://mpra.ub.uni-muenchen.de/8119/1/MPRA_paper_8119.pdf
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    References listed on IDEAS

    as
    1. Chichilnisky, Graciela, 1977. "Spaces of economic agents," Journal of Economic Theory, Elsevier, vol. 15(1), pages 160-173, June.
    2. Debreu, Gerard, 1972. "Smooth Preferences," Econometrica, Econometric Society, vol. 40(4), pages 603-615, July.
    3. Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany.
    4. Chichilnisky, Graciela, 1980. "Social choice and the topology of spaces of preferences," MPRA Paper 8006, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Chichilnisky, Graciela, 1997. "A topological invariant for competitive markets," Journal of Mathematical Economics, Elsevier, vol. 28(4), pages 445-469, November.
    2. Lauwers, Luc, 2000. "Topological social choice," Mathematical Social Sciences, Elsevier, vol. 40(1), pages 1-39, July.
    3. Chichilnisky, Graciela, 1990. "General equilibrium and social choice with increasing returns," MPRA Paper 8124, University Library of Munich, Germany.
    4. Chichilnisky, Graciela, 2009. "Avoiding extinction: equal treatment of the present and the future," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-25.
    5. Graciela Chichilnisky, 1996. "A robust theory of resource allocation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(1), pages 1-10, January.

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    More about this item

    Keywords

    preferences; manifold structures; debreu; economic systems; Hilbert spaces; manifold; topological; smooth preferences; aggregation; convex; monotonic; continuous; modelling; modeling; mathematical models; topology;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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