4.2 Article

Utility representation of an incomplete preference relation

期刊

JOURNAL OF ECONOMIC THEORY
卷 104, 期 2, 页码 429-449

出版社

ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1006/jeth.2001.2814

关键词

incomplete preference relations; utility representation; partial orders

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We consider the problem of representing a (possibly) incomplete preference relation by means of a vector-valued utility function. Continuous and semicontinuous representation results are reported in the case of preference relations that are, in a sense, not too incomplete. These results generalize some of the classical utility representation theorems of the theory of individual choice and paves the way towards developing a consumer theory that realistically allows individuals to exhibit some indecisiveness on occasion. (C) 2001 Elsevier Science (USA).

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