Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz, Manuel S. Santos

Research output: Contribution to journalArticleResearchpeer-review

11 Citations (Scopus)

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. © 1993 Springer-Verlag.
Original languageEnglish
Pages (from-to)335-351
JournalEconomic Theory
Volume3
DOIs
Publication statusPublished - 1 Jun 1993

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