 Rationalizability of menu preferencesEconomic Theory, 2018, vol. 65, issue 4, No 4, 917-934 Abstract: Abstract The class of preferences over opportunity sets (“menus”) rationalizable by underlying preferences over the alternatives is characterized for the general case in which the dataset is unrestricted. In particular, both the universal set of alternatives and the domain of menus over which preferences are asserted by the decision maker are arbitrary. The key “Cover Dominance” axiom states that any menu strictly preferred to a collection of menus must be strictly preferred to any menu covered by the collection. The method of characterization relies upon transitivity of menu preferences, but completeness can be relaxed. Keywords: General domains; Opportunity sets; Revealed preference; Transitivity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:65:y:2018:i:4:d:10.1007_s00199-017-1043-2 Ordering information: This journal article can be ordered from DOI: 10.1007/s00199-017-1043-2 Access Statistics for this article Economic Theory is currently edited by Nichoals Yanneils More articles in Economic Theory from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC. |
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