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The ALEP Definition of Complementarity and Least Concave Utility Functions

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Author Info
Yakar Kannai
Abstract

The use of least concave utility functions describing a given concavifiable preference relation is suggested for determining the complementary vis-a-vis substitute nature of a pair of commodities.

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Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number 527.

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Length: 5 pages
Date of creation: Jun 1979
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Publication status: Published in Journal of Economic Theory (February 1980), 22(1): 115-117
Handle: RePEc:cwl:cwldpp:527

Note: CFP 515.
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  1. Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-89, December. [Downloadable!] (restricted)
  2. Chipman, John S., 1977. "An empirical implication of Auspitz-Lieben-Edgeworth-Pareto complementarity," Journal of Economic Theory, Elsevier, vol. 14(1), pages 228-231, February. [Downloadable!] (restricted)
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