Abstract
A linear utility representation theorem due to Blackwell and Girshick (1953) is used to answer the question as formulated by Grandmont (1987) whether Cobb-Douglas representable preferences are the only ones which are budget-invariant.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
