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In a two-good setting we axiomatize (a) preferences with subsistence consumption and (b) a generalized version of Leontief preferences. Our axiomatization allows for different levels of subsistence and captures the presence of poverty and prosperity. Our axioms are based on the irrelevance of...
Persistent link: https://www.econbiz.de/10011098739
In a two-good setting we axiomatize (a) preferences with subsistence consumption and (b) a generalized version of Leontief preferences. Our axiomatization allows for different levels of subsistence and captures the presence of poverty and prosperity. Our axioms are based on the irrelevance of...
Persistent link: https://www.econbiz.de/10011112340
Persistent link: https://www.econbiz.de/10001825499
Persistent link: https://www.econbiz.de/10001825748
Persistent link: https://www.econbiz.de/10001970353