A Hausdorff topological space X is a submetrizable k_ω-space if it is the inductive limit of an increasing sequence of metric compact subspaces of X. These spaces have nice properties and they seem to be very interesting in the study of the utility representation problem. Every closed preorder on a submetrizable k_ω-space has a continuous utility representation and some theorems on the existence of jointly continuous utility functions have been recently proved. When the commodity space is locally compact second countable, Back proved the existence of a continuous map from the space of total preorders topologized by closed convergence (Fell topology) to the space of utility functions with different choice sets (partial maps) endowed with a generalization of the compact-open topology. In this paper we generalize Back’s Theorem to submetrizable k_ω-spaces with a family of not necessarily total preorders. The continuous utility representation theorems on submetrizable k_ω-spaces have some economic applications. In fact, an example of a submetrizable k_ω-space is the space of tempered distributions, which has been used to define a new state preference model in the infinite dimensional case
Jointly continuous utility functions on submetrizable k_ω-spaces.
CATERINO, Alessandro;CEPPITELLI, Rita
2015
Abstract
A Hausdorff topological space X is a submetrizable k_ω-space if it is the inductive limit of an increasing sequence of metric compact subspaces of X. These spaces have nice properties and they seem to be very interesting in the study of the utility representation problem. Every closed preorder on a submetrizable k_ω-space has a continuous utility representation and some theorems on the existence of jointly continuous utility functions have been recently proved. When the commodity space is locally compact second countable, Back proved the existence of a continuous map from the space of total preorders topologized by closed convergence (Fell topology) to the space of utility functions with different choice sets (partial maps) endowed with a generalization of the compact-open topology. In this paper we generalize Back’s Theorem to submetrizable k_ω-spaces with a family of not necessarily total preorders. The continuous utility representation theorems on submetrizable k_ω-spaces have some economic applications. In fact, an example of a submetrizable k_ω-space is the space of tempered distributions, which has been used to define a new state preference model in the infinite dimensional caseFile | Dimensione | Formato | |
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