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Economy of referential preferences

Author

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  • Goucha, T

Abstract

In this paper we introduce basic notions of new economic model where preference relations on commodities set are represented by a group action on Euclidean space instead of utility function. Conditions that ensure the existence of individual demand functions and a general equilibrium in the setting of exchange economy are examined.

Suggested Citation

  • Goucha, T, 2012. "Economy of referential preferences," MPRA Paper 39337, University Library of Munich, Germany, revised 08 Jun 2012.
  • Handle: RePEc:pra:mprapa:39337
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    File URL: https://mpra.ub.uni-muenchen.de/39337/1/MPRA_paper_39337.pdf
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    More about this item

    Keywords

    General equilibrium; Preference Relations; Group theory;
    All these keywords.

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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