کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966637 931090 2013 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Preference symmetries, partial differential equations, and functional forms for utility
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Preference symmetries, partial differential equations, and functional forms for utility
چکیده انگلیسی
A discrete symmetry of a preference relation is a mapping from the domain of choice to itself under which preference comparisons are invariant; a continuous symmetry is a one-parameter family of such transformations that includes the identity; and a symmetry field is a vector field whose trajectories generate a continuous symmetry. Any continuous symmetry of a preference relation implies that its representations satisfy a system of PDEs. Conversely the system implies the continuous symmetry if the latter is generated by a field. Moreover, solving the PDEs yields the functional form for utility equivalent to the symmetry. This framework is shown to encompass a variety of representation theorems related to univariate separability, multivariate separability, and homogeneity, including the cases of Cobb-Douglas and CES utility.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 49, Issue 4, August 2013, Pages 266-277
نویسندگان
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