On the Equivalence of the Two Existing Extensions of the Leximax criterion to the Infinite Case

R. Arlegi (), Miguel Ballester, M. Besada, J.R. De Miguel (), J. Nieto () and C. Vázquez
Additional contact information
R. Arlegi: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia
M. Besada: Universidad de Vigo
J.R. De Miguel: Departamento de Matemáticas-UPNA
J. Nieto: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia
C. Vázquez: Universidad de Vigo

Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003)), and show that, though the respective definitions of the rules and their axiomatic characterizations appear to differ considerably, they actually propose the same extension of the leximax criterion to the infinite case.

Keywords: preferences; utility; leximax (search for similar items in EconPapers)
JEL-codes: C60 (search for similar items in EconPapers)
Pages: pages
Date: 2006
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Journal Article: On the equivalence of the two existing extensions of the leximax criterion to the infinite case (2007)
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