A New Approach to Utility Function
This paper treats from an axiomatic point of view the notions of indifference and preference, relative to the consumption of goods. After the introduction and analysis of indifference classes, the notion of the utility function is introduced naturally, a number of axioms giving consistency and ri...
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| Format: | Article |
| Language: | English |
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Danubius University
2015-04-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
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| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2703/2395 |