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Stable Spillovers among Substitutes

Review of Economic Studies 1975 42(3), 445
Journal Article Stable Spillovers among Substitutes Get access E. C. H. Veendorp E. C. H. Veendorp Tulane University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 42, Issue 3, July 1975, Pages 445–456, https://doi.org/10.2307/2296857 Published: 01 July 1975

Bounded One-Way Expected Utility

Econometrica 1975 43(5/6), 867
[A one-way expected utility representation has the expected utility of one probability measure greater than the expected utility of another probability measure whenever the first is preferred to the second. It requires preferences to be acyclic but not necessarily transitive, and does not require indifference to be transitive. Preference axioms which are sufficient for one-way expected utility for sets of simple probability measures have been presented before (see [8]). This paper uses additional axioms to extend the one-way representation to sets of discrete and more general probability measures.]