Mitra, Manipushpak; Sen, Debapriya - Volkswirtschaftliche Fakultät, … - 2014
In a two-good setting we axiomatize (a) preferences with subsistence consumption and (b) a generalized version of Leontief preferences. Our axiomatization allows for different levels of subsistence and captures the presence of poverty and prosperity. Our axioms are based on the irrelevance of...
