Accession Number : AD0425475

Title :   A STUDY OF THE RELATIONSHIP BETWEEN TRANSITIVE PREFERENCE AND THE STRUCTURE OF THE COMMODITY SPACE,

Corporate Author : PURDUE UNIV LAFAYETTE IND SCHOOL OF INDUSTRIAL ENGINEERING AND MANAGEMENT

Personal Author(s) : Sonnenschein,Hugo F.

Report Date : NOV 1963

Pagination or Media Count : 12

Abstract : A transitive preference relation defined on some commodity space X is often included in the theory of consumer's choice. In this paper the transitivity of preference can be deduced from purely topological assumptions on certain sets, defined by preference, in the commodity space. The latter part of the paper is devoted to a technical theorem, and several examples designed to issustrate how the theorems presented break down when one or more of the assumptions under which they were proved are violated. (Author)

Descriptors :   (*ECONOMICS, THEORY), MANAGEMENT ENGINEERING, BEHAVIOR, ANALYSIS

Distribution Statement : APPROVED FOR PUBLIC RELEASE