Arbeitspapier
Interpersonal comparisons of utility: an algebraic characterization of projective preorders and some welfare consequences
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is an algebra-homomorphism (i.e., it is linear and multiplicative). As an application of this result, we provide an algebraic characterization of the projective (dictatorial) preorders defined on Rn. We then establish some welfare implications derived from our main result. In particular, the connection with the normative property called independence of the relative utility pace is discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 2594
- Klassifikation
-
Wirtschaft
- Thema
-
Interpersoneller Nutzenvergleich
Nutzenfunktion
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Candeal, Juan Carlos
Induráin, Esteban
Molina, José Alberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2007
- Handle
- URN
-
urn:nbn:de:101:1-20080422267
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Candeal, Juan Carlos
- Induráin, Esteban
- Molina, José Alberto
- Institute for the Study of Labor (IZA)
Entstanden
- 2007
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