The Existence of Maximal Elements: Generalized Lexicographic Relations

Jens Hougaard () and Mich Tvede

No 01-05, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: In the present paper, the existence of maximal elements for binary relations are studied. Generalized lexicographic relations are introduced, and some results on existence of maximal elements are provided. A simple example shows that economies with "lexicographic consumers" need not have equilibria even though demand functions associated with generalized lexicographic relations may be continuous for positive prices.

Keywords: Maximal Elements; Binary Relations; Lexicographic Relations (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2001-05
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Citations: View citations in EconPapers (3)

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Journal Article: The existence of maximal elements: generalized lexicographic relations (2001)
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