MAXIMAL-ELEMENT RATIONALIZABILITY

Walter Bossert, Yves Sprumont () and Kotaro Suzumura

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: We examine the maximal-element rationalizability of choice functions with arbitrary domains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed relatively thoroughly in the earlier literature, this is not the case for maximal-element rationalizability, except when it coincides with greatest-element rationalizability because of properties imposed on the rationalizing relation. We develop necessary and sufficient conditions for maximal-element rationalizability by itself, and for maximal-element rationalizability in conjunction with additional properties of a rationalizing relation such as reflexivity, completeness, P-acyclicity, quasi-transitivity, consistency and transitivity.

Keywords: choice functions; maximal-element rationalizability (search for similar items in EconPapers)
Pages: 19 pages
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cireqmontreal.com/wp-content/uploads/cahiers/16-2002-cah.pdf (application/pdf)

Related works:
Journal Article: Maximal-Element Rationalizability (2005)
Working Paper: Maximal-Element Rationalizability (2002)
Working Paper: Maximal-Element Rationalizability (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:16-2002

Access Statistics for this paper

More papers in Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ Contact information at EDIRC.
Bibliographic data for series maintained by Sharon BREWER ().