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Note on transferable utility

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Abstract

We provide a condition for an individual preference ordering to be represented by a function measured in terms of a commodity, i.e., for the commodity to be transferable utility. We also consider the relationships between conditions of the preference ordering and the utility function.

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References

  • Aumann, R. J.: Linearity of unrestricted transferable utilities, Naval Research Logistics Quarterly7, 1960, 281–284.

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Authors and Affiliations

  1. Department of Social Engineering, Tokyo Institute of Technology, 2-12-1 O-Okayama, 152, Meguro-ku Tokyo, Japan

    M. Kaneko

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  1. M. Kaneko
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Kaneko, M. Note on transferable utility. Int J Game Theory 5, 183–185 (1976). https://doi.org/10.1007/BF01761600

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  • DOI: https://doi.org/10.1007/BF01761600

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