Characterization of Generalized Weak Orders and Revealed Preference

Taradas Bandyopadhyay and Kunal Sengupta ()

Economic Theory, 1993, vol. 3, issue 3, 76 pages

Abstract: This short paper provides an alternative framework to axiomatize various binary preference relations such as semiorder, weak semiorder etc. A set of simple axioms is presented in terms of revealed-preferred and revealed-inferior alternatives which makes the connection between various binary preference relations transparent; and every single axiom is necessary and sufficient for the existence of a binary preference relation of a specified type.

Date: 1993
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