Search
Now showing items 1-6 of 6
Infinite-Horizon Choice Functions
(Université de Montréal. Département de sciences économiques., 2006)
We analyze infinite-horizon choice functions within the setting of a simple linear technology. Time consistency and efficiency are characterized by stationary consumption and inheritance functions, as well as a transversality ...
The Possibility of Ordering Infinite Utility Streams
(Université de Montréal. Département de sciences économiques., 2004)
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely ...
Maximal-Element Rationalizability
(Université de Montréal. Département de sciences économiques., 2002)
We examine the maximal-element rationalizability of choice functions with arbitrary do-mains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed ...
Rationalizability of Choice Functions on General Domains without Full Transitivity
(Université de Montréal. Département de sciences économiques., 2001)
The rationalizability of a choice function by means of a transitive relation has been analyzed thoroughly in the literature. However, not much seems to be known when transitivity is weakened to quasi-transitivity or ...
Upper Semicontinuous Extensions of Binary Relations
(Université de Montréal. Département de sciences économiques., 2002)
Suzumura shows that a binary relation has a weak order extension if and only if it is consistent. However, consistency is demonstrably not sufficient to extend an upper semi-continuous binary relation to an upper semicontinuous ...
Consistent Rationalizability
(Université de Montréal. Département de sciences économiques., 2002)
Consistency of a binary relation requires any preference cycle to involve indifference only. As shown by Suzumura (1976b), consistency is necessary and sufficient for the existence of an ordering extension of a relation. ...