Let $f_1, f_2$ be two smooth strictly-quasiconcave functions. Do there always exist monotone transformations $g_1,g_2$ such that the sum $g_1\circ f_1 + g_2 \circ f_2$ is a strictly-quasiconcave function?
While this question is mathematic, its motivation is economic. Given two people with strictly-convex preferences, we would like to represent their common preferences by a social welfare function. One natural way to do this is to represent each person's preferences by some strictly-quasiconcave function and take their sum. However, the sum of strictly-quasiconcave functions is not necessarily quasiconcave. So it is interesting whether we can always find specific representative functions such that the sum is quasiconcave?
Both functions are weakly-quasiconcave. When one function is increasing, the other is flat, and when the other is decreasing, the first is flat. Therefore, regardless of what transformations we apply to them, the sum will look like a wave and will not be quasaiconcave.
Note: I asked this question on MathOverflow some time ago. Taneli Huuskonen came up with the negative example for weakly-quasiconcave function, but the question for strictly-quasiconcave function is still open. Due to the economic importance of quasiconcave functions, I thought someone here might have an answer.