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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)...
Persistent link: https://www.econbiz.de/10005822421
In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a...
Persistent link: https://www.econbiz.de/10009416943
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)...
Persistent link: https://www.econbiz.de/10010268041
In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a...
Persistent link: https://www.econbiz.de/10009524368
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)...
Persistent link: https://www.econbiz.de/10003531436
Necessary and sufficient conditions are presented for the existence of a pair u,v of positively homogeneous of degree one real functions representing an interval order [InlineMediaObject not available: see fulltext.] on a real cone K in a topological vector space E (in the sense that, for every...
Persistent link: https://www.econbiz.de/10005752918
The purpose of this addendum is to correct some results published in our paper "Some issues related to the topological aggregation of preferences" (SCW (1992) 9: 213-227). <!--ID="" Acknowledgements. Thanks are given to Prof. Boris A. Efimov and Gleb A. Koshevoy (Moskow, Russia), Luc Lauwers (Leuven, Belgium) and Michael Sunderland (Oxford, U.K.) for their valuable suggestions and comments.-->
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