Abstract
A property of utility functions that is invariant under every strictly increasing transformation, is called ordinal Cardinal properties are those not preserved under strictly increasing transformations. Existence of a continuous utility function. For properties of relations, see (1.16).
Keywords
- Utility Function
- Price Index
- Demand Function
- Utility Level
- Expenditure Function
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References
Varian (1992) is a basic reference. For a more advanced treatment, see Mas-Colell, Whinston, and Green (1995). For AIDS, see Deaton and Muellbauer (1980), for translog, see Christensen, Jorgenson, and Lau (1975). See also Phlips (1983).
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Sydsæter, K., Strøm, A., Berck, P. (2010). Consumer theory. In: Economists’ Mathematical Manual. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-28518-2_26
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DOI: https://doi.org/10.1007/978-3-540-28518-2_26
Publisher Name: Springer, Berlin, Heidelberg
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