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Representing Preferences by Utility Functions

In: Lectures in the Microeconomics of Choice Foundations, Consumers, and Producers

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Abstract

The following sections are included:IntroductionDo Utility Functions Exist?Best Element Existence given a Continuous UtilityNot All Preferences are RepresentableSpecial Preferences and Their Utility FunctionsChoice under RiskChoice under UncertaintyIntertemporal ChoiceConclusion

Suggested Citation

  • W. D. A. Bryant, 2023. "Representing Preferences by Utility Functions," World Scientific Book Chapters, in: Lectures in the Microeconomics of Choice Foundations, Consumers, and Producers, chapter 4, pages 235-338, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811254710_0004
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    Keywords

    Microeconomics; Choice Theory; Axiomatics; Arrow–Debreu Model; Scientific Method; Consumer Preferences; Choice Sets; Best Elements; Transitivity; Continuity; Completeness; Compactness; Behavioral Economics; Preference Maximization; Utility Function; Special Preference Structures; Choice Under Risk; Choice Under Uncertainty; Intertemporal Choice; Primal Approach; Budget Constraint; Monotone Comparative Statics; Market Demand; Duality; Expenditure Function; Indirect Utility; Distance Function; Benefit Function; Frisch Profit Function; Comparative Statics; Revealed Preference; Integrability; Producers; Production Possibility Set; Slutsky Equation;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D2 - Microeconomics - - Production and Organizations

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