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Persistent link: https://ebvufind01.dmz1.zbw.eu/10005362387
We present an alternative proof of Fishburn’s (1975) axiomatization of lexicographic preferences. The essence of our proof lies in identifying “an extremely pivotal factor”. Our proof reconfirms the strong interconnections between Arrow’s and Gibbard–Satterthwaite’s theorems with...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011041742
We revisit the classic comparison between Bertrand and Cournot outcomes in a mixed market with private and public firms. The results are often strikingly different and opposite to the ones obtained from a similar comparison in the standard setting with all profit-maximizing firms.
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