Existence of homogeneous representations of interval orders on a cone in a topological vector space

Abstract.

Necessary and sufficient conditions are presented for the existence of a pair <u,v> of positively homogeneous of degree one real functions representing an interval order on a real cone K in a topological vector space E (in the sense that, for every x,y∈K, xy if and only if u(x)≤v(y)), with u lower semicontinuous, v upper semicontinuous, and u and v utility functions for two complete preorders intimately connected with . We conclude presenting a new approach to get such kind of representations, based on the concept of a biorder.