A constructive analysis of convex-valued demand correspondence for weakly uniformly rotund and monotonic preference

DOI10.1155/2011/960819MaRDI QIDQ534167zbMATH OpenOpenAlexDBLPWikidataFDO

Authors Yasuhito Tanaka, Atsuhiro Satoh

Publication date 17 May 2011

Published in Advances in Decision Sciences (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://eudml.org/doc/224673, https://mpra.ub.uni-muenchen.de/55889/1/MPRA_paper_55889.pdf

Mathematics Subject Classification ID

Other constructive mathematics (03F65) Individual preferences (91B08) Consumer behavior, demand theory (91B42)

Review text

Summary: \textit{D. S. Bridges} [J. Math. Econ. 21, No. 3, 217--227 (1992; Zbl 0765.90033)] has constructively shown the existence of continuous demand function for consumers with continuous, uniformly rotund preference relations. We extend this result to the case of multivalued demand correspondence. We consider a weakly uniformly rotund and monotonic preference relation and will show the existence of convex-valued demand correspondence with closed graph for consumers with continuous, weakly uniformly rotund and monotonic preference relations. We follow the Bishop style constructive mathematics according to \textit{E. Bishop} and \textit{D. Bridges} [Constructive Analysis. Grundlehren der Mathematischen Wissenschaften, 279. Berlin: Springer-Verlag (1985; Zbl 0656.03042)], \textit{D. Bridges} and \textit{F. Richman} [Varieties of constructive mathematics. London Mathematical Society Lecture Note Series, 97. Cambridge: Cambridge University Press (1987; Zbl 0618.03032)], and \textit{D. S. Bridges} and \textit{L. S. Vîţă} [Techniques of Constructive Mathematics. New York, NY: Springer (2006; Zbl 1107.03065)].

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Cites work

• A Bizarre Property Equivalent to the -Fan Theorem
• Constructive notions of strict convexity
• scientific article; zbMATH DE number 4177052 (Why is no real title available?)
• scientific article; zbMATH DE number 5665904 (Why is no real title available?)
• The construction of a continuous demand function for uniformly rotund preferences

Cited in

(4)

• Demand functions and reflexivity
• Constructive notions of strict convexity
• Existence of an upper hemi-continuous and convex-valued demand sub-correspondence
• Single-valuedness of the demand correspondence and strict convexity of preferences: An equivalence result

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