A characterization of lexicographic preferences

Mridu Prabal Goswami, Manipushpak Mitra and Debapriya Sen

MPRA Paper from University Library of Munich, Germany

Abstract: This paper characterizes lexicographic preferences over alternatives that are identified by a finite number of attributes. We say two alternatives are 'totally different' if they are different with respect to every attribute. Our characterization is based on two key concepts: a weaker notion of continuity called 'mild continuity' (strict preference order between any two totally different alternatives is preserved around their small neighborhoods) and an 'unhappy set' (any alternative outside the set is preferred to all alternatives inside).

Keywords: lexicographic preference; mild continuity; unhappy set; inclusion of marginally improved alternatives; preference nonreversibility (search for similar items in EconPapers)
JEL-codes: C00 D01 (search for similar items in EconPapers)
Date: 2018-12-14
New Economics Papers: this item is included in nep-hme, nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/90552/1/MPRA_paper_90552.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/100248/5/MPRA_paper_100248.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/108988/1/MPRA_paper_108988.pdf revised version (application/pdf)

Related works:
Journal Article: A Characterization of Lexicographic Preferences (2022)
Working Paper: A characterization of lexicographic preferences (2021)
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:pra:mprapa:90552

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().