On the spatial representation of preference profiles

Jon X. Eguia*

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

5 Citations (Scopus)

Abstract

Given a set of alternatives with multiple attributes, I characterize the set of preference profiles that are representable by weighted versions of a class of utility functions indexed by a parameter delta > 0, where delta a parts per thousand yen 1 corresponds to the set of Minkowski's (1886) metric functions. In light of the starkly different consequences between representability with delta a parts per thousand currency sign 1 or with delta > 1, I propose a test to empirically estimate delta and I discuss the theoretical and empirical implications for spatial models of political competition.

Original languageEnglish
Pages (from-to)103-128
Number of pages26
JournalEconomic Theory
Volume52
Issue number1
DOIs
Publication statusPublished - Jan 2013

Keywords

  • Utility representation
  • Spatial models
  • Multidimensional preferences
  • Spatial representation
  • ASYMMETRIC PREFERENCES
  • VOTING MODELS
  • EQUILIBRIUM
  • UTILITY
  • INTRANSITIVITIES
  • UNCERTAINTY
  • COMPETITION
  • GOVERNMENT
  • INFLATION
  • DISTANCE

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