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Note on transferable utility

Abstract

We provide a condition for an individual preference ordering to be represented by a function measured in terms of a commodity, i.e., for the commodity to be transferable utility. We also consider the relationships between conditions of the preference ordering and the utility function.

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References

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Kaneko, M. Note on transferable utility. Int J Game Theory 5, 183–185 (1976). https://doi.org/10.1007/BF01761600

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  • DOI: https://doi.org/10.1007/BF01761600

Keywords

  • Utility Function
  • Economic Theory
  • Game Theory
  • Individual Preference
  • Transferable Utility