Single-valuedness of the demand correspondence and strict convexity of preferences: An equivalence result

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 108
Issue: 3
Pages: 299-302

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

If preferences are rational and continuous, then strict convexity implies that the demand correspondence is single-valued (e.g. Barten and Böhm, 1982, lemma 7.3). We show that if, in addition, preferences are strictly monotone then the converse is also true, namely single-valuedness of the demand correspondence implies strict convexity of preferences.

Technical Details

RePEc Handle
repec:eee:ecolet:v:108:y:2010:i:3:p:299-302
Journal Field
General
Author Count
2
Added to Database
2026-01-24