Monotone preferences

Economics term

In economics, an agent's preferences are said to be weakly monotonic if, given a consumption bundle , the agent prefers all consumption bundles that have more of all goods. That is, implies . An agent's preferences are said to be strongly monotonic if, given a consumption bundle , the agent prefers all consumption bundles that have more of at least one good, and not less in any other good. That is, and imply .

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