Accession Number : AD0603810

Title :   THE DETERMINATION OF MANY-COMMODITY PREFERENCE SCALES BY TWO-COMMODITY COMPARISONS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Arrow,K. J. ; Youngs,J. W. T.

Report Date : 03 AUG 1948

Pagination or Media Count : 23

Abstract : It is the purpose of the paper to show that, under the assumptions usually made in economic literature, the determination of a preference scale relating to many commodities can always be accomplished by means of comparisons involving the variation of only two commodities at a time.

Descriptors :   (*DECISION THEORY, COMMERCE), (*ECONOMICS, DECISION MAKING), THEOREMS, CORRELATION TECHNIQUES, SCALE

Distribution Statement : APPROVED FOR PUBLIC RELEASE