Revisiting the problem of integrability in utility theory

Nicolas Hadjisavvas*, Jean Paul Penot

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

We revisit the problem of integrability in the consumer theory, focusing on the main difficulties. First, we look for a neat and simple local existence result, and then for a global solution. Second, observing that a utility function (or indirect utility function) cannot be determined uniquely, we propose a means to get a kind of uniqueness result. Our approach is coordinate-free and can be used both in the classical case of a finite-dimensional commodity space and in the case an infinite-dimensional model is adopted.

Original languageEnglish
Pages (from-to)2495-2509
Number of pages15
JournalOptimization
Volume64
Issue number12
DOIs
StatePublished - 2 Dec 2015

Bibliographical note

Publisher Copyright:
© 2015 Taylor & Francis.

Keywords

  • Frobenius theorem
  • consumer theory
  • integrability problem
  • revealed preferences
  • utility function

ASJC Scopus subject areas

  • Control and Optimization
  • Management Science and Operations Research
  • Applied Mathematics

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