Concepts of similarity for utility functions (Q1085025)
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English | Concepts of similarity for utility functions |
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Concepts of similarity for utility functions (English)
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1986
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A generalization of the compact-open topology is defined for a space of utility functions with different choice sets. The space is a complete separable metric space. A continuous representation theorem of \textit{Y. Levin} [Sov. Math., Dokl. 28, 715-718 (1983; Zbl 0554.90012)] gives a homeomorphism between this space and the space of preference relations, topologized by closed convergence. A map into the space is measurable with regard to the Borel algebra iff the choice set correspondence is measurable and the utility function is measurable on its graph. A coarser topology (that of subgraph convergence) is also studied. This topology is coarser than the compact-open topology when the utility functions are defined on the same choice set. However the demand correspondence is still upperhemicontinuous. A homeomorphism is given between this space and the space of preference relations, with the latter given a certain topology coarser than closed convergence.
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compact-open topology
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choice sets
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complete separable metric space
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Borel algebra
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demand correspondence
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