Publication:
Freedom of choice: the leximax criterion in the infinite case

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Date

2006

Authors

Director

Publisher

Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia

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Abstract

Many recent works have investigated the problem of extending a preference over a set of alternatives to its power set, in an attempt to provide a formal representation of the notion of freedom of choice. In general, results are limited to the finite case, which excludes, for instance, the case of economic environments. This paper deals with the possibility of extending those results to the context where the basic set of alternatives is the n-dimensional Euclidean space. We present an extension of the leximax criterion described by Bossert, Pattanaik and Xu (1994) to this more general framework.

Keywords

Preferences, Utility, Freedom of choice, Leximax

Department

Economía / Ekonomia

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Degree

Doctorate program

Editor version

Funding entities

This research has been supported by Spanish Ministry of Education grants SEC2000-0838 (a) and SEC2003-08105 (a) from DGICYT, PGIDIT03PXC30003PN (b) from Xunta de Galicia and BEC2002-3780 (b), from DGICYT.

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