The Existence of Maximal Elements: Generalized Lexicographic Relations

In the present paper, the existence of maximal elements for binary relations are studied. Generalized lexicographic relations are introduced, and some results on existence of maximal elements are provided. A simple example shows that economies with "lexicographic consumers" need not have equilibria even though demand functions associated with generalized lexicographic relations may be continuous for positive prices.

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Year of publication:	2001-05
Authors:	Hougaard, Jens Leth ; Tvede, Mich
Institutions:	Økonomisk Institut, Københavns Universitet
Subject:	Maximal Elements \| Binary Relations \| Lexicographic Relations

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	German
Notes:	Number 01-05 9 pages
Classification:	D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749797