Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz; Manuel S. Santos

doi:10.1007/BF01212921

Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz, Manuel S. Santos

Departament d'Economia i d'Història Econòmica

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Resum

This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders. © 1993 Springer-Verlag.

Idioma original	Anglès
Pàgines (de-a)	335-351
Revista	Economic Theory
Volum	3
DOIs	https://doi.org/10.1007/BF01212921
Estat de la publicació	Publicada - 1 de juny 1993

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10.1007/BF01212921

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title = "Duality between direct and indirect preferences",

abstract = "This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders. {\textcopyright} 1993 Springer-Verlag.",

author = "Martinez-Legaz, {Juan Enrique} and Santos, {Manuel S.}",

year = "1993",

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doi = "10.1007/BF01212921",

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journal = "Economic Theory",

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publisher = "Springer New York",

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AU - Martinez-Legaz, Juan Enrique

AU - Santos, Manuel S.

PY - 1993/6/1

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N2 - This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders. © 1993 Springer-Verlag.

AB - This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders. © 1993 Springer-Verlag.

U2 - 10.1007/BF01212921

DO - 10.1007/BF01212921

M3 - Article

SN - 0938-2259

VL - 3

SP - 335

EP - 351

JO - Economic Theory

JF - Economic Theory

ER -

Duality between direct and indirect preferences

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