Characterization of Generalized Weak Orders and Revealed Preference.

This short paper provides an alternative framework to axiomatize various binary preference relations such as semiorder, weak semiorder etc. A set of simple axioms is presented in terms of revealed-preferred and revealed-inferior alternatives which makes the connection between various binary preference relations transparent; and every single axiom is necessary and sufficient for the existence of a binary preference relation of a specified type.

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Year of publication:	1993
Authors:	Bandyopadhyay, Taradas ; Sengupta, Kunal
Published in:	Economic Theory. - Springer. - Vol. 3.1993, 3, p. 571-76
Publisher:	Springer

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753222