Constructing the demand function of a strictly convex preference relation
Matthew Hendtlass
TL;DR
This paper establishes conditions for constructing demand functions from strictly convex preference relations, providing a theoretical foundation for understanding consumer choice behavior.
Contribution
It introduces specific conditions that enable the construction of demand functions based on strictly convex preferences, advancing economic theory.
Findings
Identifies key conditions for demand function construction
Provides a theoretical framework for convex preferences
Enhances understanding of consumer demand modeling
Abstract
We give conditions under which the demand function of a strictly convex preference relation can be constructed.
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Taxonomy
TopicsEconomic theories and models · Advanced Control Systems Optimization · Formal Methods in Verification