A Constructive Analysis of Convex-Valued Demand Correspondence for Weakly Uniformly Rotund and Monotonic Preference

Abstract EN

Bridges (1992) has constructively shown the existence of continuous demand function for consumers with continuous, uniformly rotund preference relations.

We extend this result to the case of multivalued demand correspondence.

We consider a weakly uniformly rotund and monotonic preference relation and will show the existence of convex-valued demand correspondence with closed graph for consumers with continuous, weakly uniformly rotund and monotonic preference relations.

We follow the Bishop style constructive mathematics according to Bishop and Bridges (1985), Bridges and Richman (1987), and Bridges and Vîţă (2006).