On the spatial representation of preference profiles
Eguia, Jon
On the spatial representation of preference profiles created by Jon X. Eguia - Economic theory Volume 52, number 1 .
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 δ > 0, where δ ≥ 1 corresponds to the set of Minkowski’s (1886 ) metric functions. In light of the starkly different consequences between representability with δ ≤ 1 or with δ > 1, I propose a test to empirically estimate δ and I discuss the theoretical and empirical implications for spatial models of political competition.
0938229
Utility representation--Multidimensional preferences--Spatial models
Spatial representation
HB119 ECO
On the spatial representation of preference profiles created by Jon X. Eguia - Economic theory Volume 52, number 1 .
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 δ > 0, where δ ≥ 1 corresponds to the set of Minkowski’s (
0938229
Utility representation--Multidimensional preferences--Spatial models
Spatial representation
HB119 ECO