Additive Representation for Preferences Over Menus in Finite Choice Settings

This paper proves that the additive representation of Dekel-Lipman-Rustichini (2001) is consistent with any preference relation among the deterministic alternatives in their model. The result yields an additive representation which relaxes both the monotonicity and ordinal sub-modularity axioms in Kreps (1979) flexibility representation theorem

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Year of publication:	2012
Authors:	Gorno, Leandro
Publisher:	[S.l.] : SSRN
Subject:	Präferenztheorie \| Theory of preferences \| Nutzenfunktion \| Utility function \| Verhaltensökonomik \| Behavioral economics

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