On a Class of Smooth Preferences

Résumé

We construct a complete space of smooth strictly convex preference relations defined over physical commodities and monetary transfers. This construction extends the classic one by assuming that preferences are monotone in transfers, but not necessarily in all commodities. This provides a natural framework to perform genericity analyses in situations involving inventory costs or decisions under risk.

Mots-clés

Codes JEL

Remplacé par

Andrea Attar, Thomas Mariotti et François Salanié, « On a Class of Smooth Preferences », Economic Theory Bulletin, vol. 7, n° 1, mai 2019, p. 37–57.

Référence

Andrea Attar, Thomas Mariotti et François Salanié, « On a Class of Smooth Preferences », TSE Working Paper, n° 17-799, avril 2017, révision octobre 2017.