Least Concave Ordinal Utility Function and the Marshalian Cardinal Utility

  • Taradas Bandyopadhyay University of California, Riverside
  • Tapan Biswas University of Hull

Abstract

This paper examines the conditions under which the Marshallian type of cardinal utility function can be derived from a class of ordinal utility functions.
Published
2012-05-22
Section
Articles