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A class of convex preferences without concave representation

DOI: 10.1590/S0034-71402010000100006

Keywords: concave representation, concavifiable preferences, linear utility.

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Abstract:

i show that continuous convex preference relations that have affine indifference curves do not have a concave representation if there are two indifference curves that are not parallel. in other words a preference relation with affine indifference curves that has a concave representation has a linear utility representation.

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