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On the spatial representation of preference profiles

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  • Jon Eguia

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Abstract

Given a set of alternatives with multiple attributes, I characterize the set of preference profiles that are representable by weighted versions of a class of utility functions indexed by a parameter δ > 0, where δ ≥ 1 corresponds to the set of Minkowski’s ( 1886 ) metric functions. In light of the starkly different consequences between representability with δ ≤ 1 or with δ > 1, I propose a test to empirically estimate δ and I discuss the theoretical and empirical implications for spatial models of political competition. Copyright Springer-Verlag 2013

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File URL: http://hdl.handle.net/10.1007/s00199-011-0669-8
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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 52 (2013)
Issue (Month): 1 (January)
Pages: 103-128

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Handle: RePEc:spr:joecth:v:52:y:2013:i:1:p:103-128

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Related research

Keywords: Utility representation; Spatial models; Multidimensional preferences; Spatial representation; D81; D72;

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References

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  14. Vicki Knoblauch, 2008. "Recognizing One-Dimensional Euclidean Preference Profiles," Working papers 2008-52, University of Connecticut, Department of Economics.
  15. Alan S. Blinder, 1997. "Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics--And Vice Versa," Journal of Economic Perspectives, American Economic Association, vol. 11(2), pages 3-19, Spring.
  16. Norman Schofield, 2007. "The Mean Voter Theorem: Necessary and Sufficient Conditions for Convergent Equilibrium," Review of Economic Studies, Oxford University Press, vol. 74(3), pages 965-980.
  17. Banks, Jeffrey S. & Duggan, John, 2008. "A Dynamic Model of Democratic Elections in Multidimensional Policy Spaces," International Quarterly Journal of Political Science, now publishers, vol. 3(3), pages 269-299, October.
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