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Theoretical and Applied Economics
No. 9 / 2012 (574)

Economy of Referential Preferences A new mathematical approach for choice theory and general equilibrium

Teycir GOUCHA
University of Tunis

Abstract. In this paper we introduce basic notions of a new economic model where preference relations on commodities set are represented by a group action on Euclidean space instead of utility function. Conditions that ensure the existence of individual demand function and a general equilibrium in the setting of exchange economy are examined.

Keywords: preference relations; group theory; general equilibrium.

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Epistemic stained-glass
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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