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The ALEP Definition of Complementarity and Least Concave Utility Functions

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  • Yakar Kannai

Abstract

The use of least concave utility functions describing a given concavifiable preference relation is suggested for determining the complementary vis-a-vis substitute nature of a pair of commodities.

Suggested Citation

  • Yakar Kannai, 1979. "The ALEP Definition of Complementarity and Least Concave Utility Functions," Cowles Foundation Discussion Papers 527, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:527
    Note: CFP 515.
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d05/d0527.pdf
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    References listed on IDEAS

    as
    1. Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-1289, December.
    2. Chipman, John S., 1977. "An empirical implication of Auspitz-Lieben-Edgeworth-Pareto complementarity," Journal of Economic Theory, Elsevier, vol. 14(1), pages 228-231, February.
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