Preferences, Choice Sets, and Best Elements

William Bryant

Chapter 3 in Lectures in the Microeconomics of Choice:Foundations, Consumers, and Producers, 2023, pp 69-234 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionArrow–Debreu Consumer Choice Theory (ADCT )The Existence of Best ElementsThe Fundamental Theorem of Choice TheoryGeneralizations and Extensions of Proposition 3.4Relaxing the Transitivity of PreferencesRelaxing the Continuity of PreferencesRelaxing the Completeness of PreferencesRelaxing Compactness of the Choice SetBehavioural Alternatives to Preference MaximizationConclusion

Keywords: Microeconomics; Choice Theory; Axiomatics; Arrow–Debreu Model; Scientific Method; Consumer Preferences; Choice Sets; Best Elements; Transitivity; Continuity; Completeness; Compactness; Behavioral Economics; Preference Maximization; Utility Function; Special Preference Structures; Choice Under Risk; Choice Under Uncertainty; Intertemporal Choice; Primal Approach; Budget Constraint; Monotone Comparative Statics; Market Demand; Duality; Expenditure Function; Indirect Utility; Distance Function; Benefit Function; Frisch Profit Function; Comparative Statics; Revealed Preference; Integrability; Producers; Production Possibility Set; Slutsky Equation (search for similar items in EconPapers)
JEL-codes: C01 C02 D00 D01 D2 (search for similar items in EconPapers)
Date: 2023
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