Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz; Manuel Santos

doi:10.1007/BF01212921

Duality between direct and indirect preferences

Juan Enrique Martinez-Legaz, Manuel Santos

Research output: Contribution to journal › Article

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 language	English (US)
Pages (from-to)	335-351
Number of pages	17
Journal	Economic Theory
Volume	3
Issue number	2
DOIs	https://doi.org/10.1007/BF01212921
State	Published - Jun 1993
Externally published	Yes

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ASJC Scopus subject areas

Economics and Econometrics

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Martinez-Legaz, J. E., & Santos, M. (1993). Duality between direct and indirect preferences. Economic Theory, 3(2), 335-351. https://doi.org/10.1007/BF01212921

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10.1007/BF01212921