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On a Class of Smooth Preferences

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  • Attar, Andrea
  • Mariotti, Thomas
  • Salanié, François

Abstract

We construct a complete space of smooth strictly convex preference relations defined over physical commodities and monetary transfers. This construction extends the classic one by assuming that preferences are monotone in transfers, but not necessarily in all commodities. This provides a natural framework to perform genericity analyses in situations involving inventory costs or decisions under risk.

Suggested Citation

  • Attar, Andrea & Mariotti, Thomas & Salanié, François, 2017. "On a Class of Smooth Preferences," TSE Working Papers 17-799, Toulouse School of Economics (TSE), revised Oct 2017.
    • Handle: RePEc:tse:wpaper:31631
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    References listed on IDEAS

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    More about this item

    Keywords

    Smooth Preferences; Nonmonotonicity;

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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