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On the continuity of expected utility

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Differential Information Economies

Part of the book series: Studies in Economic Theory ((ECON.THEORY,volume 19))

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Summary

We provide necessary and sufficient conditions for weak (semi)continuity of the expected utility. Such conditions are also given for the weak compactness of the domain of the expected utility. Our results have useful applications in cooperative solution concepts in economies and games with differential information, in noncooperative games with differential information and in principal-agent problems.

Work done while visiting the Department of Economics, University of Illinois at Urbana-Champaign.

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Author information

Authors and Affiliations

  1. Mathematical Institute, University of Utrecht, P.O. Box 80.010, 3508 TA, Utrecht, Netherlands

    Erik J. Balder

  2. Department of Economics, University of Illinois, Champaign, IL, 61820, USA

    Nicholas C. Yannelis

Authors
  1. Erik J. Balder
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  2. Nicholas C. Yannelis
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Editor information

Editors and Affiliations

  1. Department of Economics, City University, Northhampton Square, London, EC1V OHB, Great Britain

    Dionysius Glycopantis

  2. Department of Economics, University of Illinois, 330 Commerce West Building, Champaign, IL, 61820, USA

    Nicholas C. Yannelis

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© 2005 Springer-Verlag Berlin Heidelberg

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Balder, E.J., Yannelis, N.C. (2005). On the continuity of expected utility. In: Glycopantis, D., Yannelis, N.C. (eds) Differential Information Economies. Studies in Economic Theory, vol 19. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-26979-7_6

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  • DOI: https://doi.org/10.1007/3-540-26979-7_6

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-21424-3

  • Online ISBN: 978-3-540-26979-3

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

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