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Duality Between Direct and Indirect Preferences

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Author Info

  • Martinez-Legaz, J-E.
  • Santos, M.S.

Abstract

This paper develops a duality theory for preference orders, and highlights important differences with respect to the cardinal utility approach. Our main result is a symmetric duality theorem, under the minimal hypotheses, between direct and indirect preferences. In contrast to the cardinal theory, we also find that these conditions do not completely characterize the class of indirect preference orders.

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Bibliographic Info

Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 156.91.

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Length: 22 pages
Date of creation: 1991
Date of revision:
Handle: RePEc:aub:autbar:156.91

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Keywords: economic theory ; microeconomics ; economic models;

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Cited by:
  1. E. Martinez Legaz & M. Santos, 1994. "On Expenditure Functions," Working Papers 9402, Centro de Investigacion Economica, ITAM.

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