What is a commodity? Two axiomatic answers

B-Tier
Journal: Economic Theory
Year: 2004
Volume: 23
Issue: 2
Pages: 429-437

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We identify conditions under which preferences over subsets of a consumption world can be reduced to preferences over bundles of "commodities". We distinguish ordinal bundles, whose coordinates are defined up to monotone transformations, from cardinal bundles, whose coordinates are defined up to positive linear transformations. Copyright Springer-Verlag Berlin/Heidelberg 2004

Technical Details

RePEc Handle
repec:spr:joecth:v:23:y:2004:i:2:p:429-437
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29