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 language | English |
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Pages (from-to) | 103-128 |
Number of pages | 26 |
Journal | Economic Theory |
Volume | 52 |
Issue number | 1 |
DOIs | |
Publication status | Published - Jan 2013 |
Keywords
- Utility representation
- Spatial models
- Multidimensional preferences
- Spatial representation
- ASYMMETRIC PREFERENCES
- VOTING MODELS
- EQUILIBRIUM
- UTILITY
- INTRANSITIVITIES
- UNCERTAINTY
- COMPETITION
- GOVERNMENT
- INFLATION
- DISTANCE