Portal de Periódicos da CAPES

Continuous representability of homothetic preferences by means of homogeneous utility functions

2000; Elsevier BV; Volume: 33; Issue: 3 Linguagem: Inglês

10.1016/s0304-4068(99)00030-0

1873-1538

Gianni Bosi, Juan C. Candeal, Esteban Induráin,

Decision-Making and Behavioral Economics

Abstract We provide a full characterization of those complete preorders defined on a real cone that admit a representation by means of a utility function which is continuous and homogeneous of degree one. Our approach is based on the solution of the functional equation of homotheticity .