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La teoría del consumidor: preferencias y utilidad
[Consumer theory: preferences and utility]

Author

Listed:
  • Ávalos, Eloy

Abstract

The consumer’s theory is a particular case of the theory of choice. This paper will explore the fundamental propositions that explain the behavior of a consumer agent and then be expressed in terms of the function of utility. Thus, the concept of utility is divorced of any philosophical and ethical burden, being simply a mathematical function that satisfies certain properties, such that the values obtained with it are a index that represents very well the order of preference.

Suggested Citation

  • Ávalos, Eloy, 2010. "La teoría del consumidor: preferencias y utilidad [Consumer theory: preferences and utility]," MPRA Paper 40858, University Library of Munich, Germany, revised 24 Aug 2012.
    • Handle: RePEc:pra:mprapa:40858
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    File URL: https://mpra.ub.uni-muenchen.de/40858/1/MPRA_paper_40858.pdf
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    More about this item

    Keywords

    Relación de preferencia débil; indiferencia; preferencia fuerte; función de utilidad;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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