Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz, Manuel S. Santos

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders.

Original languageEnglish (US)
Pages (from-to)335-351
Number of pages17
JournalEconomic Theory
Volume3
Issue number2
DOIs
StatePublished - Jun 1 1993
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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