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Microeconomic Foundations I
Choice and Competitive Markets
David M . Kreps
PRINCETON UNIVERSITY PRESS PRINCETON AN D OXFORD
Contents
Preface xiii
Chapter One. Choice, Preference, and Utility 1
1.1. Consumer Choice: The Basics ~ 1
1.2. Proving Most of Proposition 1.2, and More 5
1.3. The No-Better-Than Sets and Utility Representations 7
1.4. Strict Preference and Indifference 9
1.5. Infinite Sets and Utility Representations 10
1.6. Choice from Infinite Sets 15
1.7. Equivalent Utility Representations 17
1.8. Commentary 18
Bibliographic Notes 23
Problems 23
Chapter Two. Structural Properties of
Preferences and Utility Functions 30
2.1. Monotonicity 3 1
2.2. Convexity 32
2.3. Continuity 35
2.4. Indifference Curve Diagrams 38
2.5. WeaBand Additive Separability 39
2.6. Quasi-linearity 43
2.7. Homotheticity
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