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Least Concave Ordinal Utility Function and The Marshallian Cardinal Utility


  • Taradas Bandyopadhyay

    (Department of Economics, University of California Riverside, USA; The Rimini Centre for Economic Analysis (RCEA), Italy)

  • Tapan Biswas

    (Business School, University of Hull, UK; The Rimini Centre for Economic Analysis (RCEA), Italy)


This paper examines the conditions under which the Marshallian type of cardinal utility function can be derived from a class of ordinal utility functions.

Suggested Citation

  • Taradas Bandyopadhyay & Tapan Biswas, 2011. "Least Concave Ordinal Utility Function and The Marshallian Cardinal Utility," Working Paper series 01_11, Rimini Centre for Economic Analysis.
  • Handle: RePEc:rim:rimwps:01_11

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