Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061065 | Economics Letters | 2010 | 4 Pages |
Abstract
If preferences are rational and continuous, then strict convexity implies that the demand correspondence is single-valued (e.g. Barten and Böhm, 1982, lemma 7.3). We show that if, in addition, preferences are strictly monotone then the converse is also true, namely single-valuedness of the demand correspondence implies strict convexity of preferences.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ennio Bilancini, Leonardo Boncinelli,