Article ID: | iaor20111426 |
Volume: | 70 |
Issue: | 1 |
Start Page Number: | 95 |
End Page Number: | 110 |
Publication Date: | Jan 2011 |
Journal: | Theory and Decision |
Authors: | Nascimento Leandro |
Keywords: | vector optimization |
This article revisits the standard results of demand theory when the preference relation is a continuous preorder that admits an equicontinuous multi‐utility representation. We study the consumer problem as the constrained maximization of a continuous vector‐valued utility mapping, and show how to rederive those results. In particular, we provide a link between the literature on vector optimization and the analysis of the consumer problem under incomplete preferences.