Supermodularity and preferences
We uncover the complete ordinal implications of supermodularity on finite lattices under the assumption of weak monotonicity. In this environment, we show that supermodularity is ordinally equivalent to the notion of quasisupermodularity introduced by Milgrom and Shannon. We conclude that supermodularity is a weak property, in the sense that many preferences have a supermodular representation.
Year of publication: |
2009
|
---|---|
Authors: | Chambers, Christopher P. ; Echenique, Federico |
Published in: |
Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 144.2009, 3, p. 1004-1014
|
Publisher: |
Elsevier |
Keywords: | Complementarity Revealed preference Afriat's theorem Refutability |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
The Core Matchings of Markets with Transfers
Chambers, Christopher P., (2015)
-
On behavioral complementarity and its implications
Chambers, Christopher P., (2010)
-
On the consistency of data with bargaining theories
Echenique, Federico, (2014)
- More ...