On the spatial representation of preference profiles
AbstractGiven 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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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 52 (2013)
Issue (Month): 1 (January)
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Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
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