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A preference profile has a one-dimensional Euclidean representation if it can be derived from an arrangement of individuals and alternatives on a line, with each individual preferring the nearer of each pair of alternatives. We provide a polynomial-time algorithm that determines whether a given...
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A characterization of a property of binary relations is of type M if it can be stated in terms of ordered M-tuples of alternatives. A characterization of finite type provides an easy test of whether preferences over a large set of alternatives possesses the property characterized. Unfortunately,...
Persistent link: https://www.econbiz.de/10005097449
Necessary and sufficient conditions are given for the existence of an Order isomorphism from a given preference relation to Euclidean n-dimensional space ordered by Pareto dominance. This result provides representation for some preference relations not representable by utility functions. It also...
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In a two-market Bertrand duopoly,each of two firms chooses one of two markets and a price in that market. All four choices are made simultaneously. In a two-market Cournot duopoly, the firms choose quantities rather than prices.It is well known that in the one-market case the threat of price...
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Under what conditions are lexicographically representable preferences continuously representable? This question is actually two questions, since there are two natural definitions of continuity for lexicographic representations. A complete answer is given for one of these questions, and the other...
Persistent link: https://www.econbiz.de/10005626641
A characterization of a property of binary relations is of finite type if it is stated in terms of ordered T-tuples of alternatives for some positive integer T. A characterization of finite type can be used to determine in polynomial time whether a binary relation over a finite set has the...
Persistent link: https://www.econbiz.de/10005626643
Variations of the Gale-Shapley algorithm have been used and studied extensively in real world markets. Examples include matching medical residents with residency programs, the kidney exchange program and matching college students with on-campus housing. The performance of the Gale-Shapley...
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