Freedom of Choice: The Leximax Criterion in the Infinite Case

Ar. Arlegi (), Ar. M. Besada, J. Nieto () and Ar. C. Vázquez
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Ar. Arlegi: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia
Ar. M. Besada: Universidad de Vigo
J. Nieto: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia
Ar. C. Vázquez: Universidad de Vigo

Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

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. (search for similar items in EconPapers)
JEL-codes: C60 (search for similar items in EconPapers)
Pages: pages
Date: 2006
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