Consistency and its Converse: an Introduction.

This essay is an introduction to the recent literature on the "consistency principle" and its "converse". An allocation rule is consistent if for any problem in its domain of definition and any alternative that it selects for it, then for the associated "reduced problem" obtained by imagining the departure of any subgroup of the agents with their "components of the alternative" and reassessing the options open to that subgroup.

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Year of publication:	1998
Authors:	Thomson, W.
Institutions:	University of Rochester - Center for Economic Research (RCER)
Subject:	CONSISTENCY \| ECONOMICS \| THEORY

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Series:	RCER Working Papers.
Type of publication:	Book / Working Paper
Notes:	42 pages
Classification:	D00 - Microeconomics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005698174