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Strength of preference and cardinal utility

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  • Veronika Köbberling

Abstract

This paper provides simpler and more general preference foundations for difference representations than known before and shows how to obtain cardinal utility from those difference representations. In addition, this paper unifies all earlier derivations of cardinal utility by showing that they are implied as direct corollaries. Copyright Springer-Verlag Berlin/Heidelberg 2006

Suggested Citation

  • Veronika Köbberling, 2006. "Strength of preference and cardinal utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 27(2), pages 375-391, January.
    • Handle: RePEc:spr:joecth:v:27:y:2006:i:2:p:375-391
    DOI: 10.1007/s00199-005-0598-5
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    Cited by:

    1. Pivato, Marcus, 2013. "Multiutility representations for incomplete difference preorders," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 196-220.
    2. Stuart Landon & Constance Smith, 2015. "Rule-Based Resource Revenue Stabilization Funds: A Welfare Comparison," The Energy Journal, , vol. 36(2), pages 117-144, April.

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