The existence of utility functions for weakly continuous preferences on a Banach space

In this note we prove that the weak topology of a Banach space has the Continuous Representability Property which means that every (weakly) continuous total preorder defined on a Banach space can be represented by a weakly continuous utility function. This shows that weak topologies are perfect to l...

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Veröffentlicht in:Mathematical social sciences 2006-03, Vol.51 (2), p.227-237
Hauptverfasser: Campión, María J., Candeal, Juan C., Induráin, Esteban
Format: Artikel
Sprache:eng
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Zusammenfassung:In this note we prove that the weak topology of a Banach space has the Continuous Representability Property which means that every (weakly) continuous total preorder defined on a Banach space can be represented by a weakly continuous utility function. This shows that weak topologies are perfect to look for continuous utility functions that represent preferences on infinite-dimensional commodity spaces.
ISSN:0165-4896
1879-3118
DOI:10.1016/j.mathsocsci.2005.07.007