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We show that the monotone continuity condition introduced by Arrow (1970) is the behavioral counterpart of countable …
Persistent link: https://www.econbiz.de/10010750652
It is shown that preferences can be constructed from observed choice behavior in a way that is robust to indifferent selection (i.e., the agent is indifferent between two alternatives but, nevertheless, is only observed selecting one of them). More precisely, a suggestion by Savage [Savage,...
Persistent link: https://www.econbiz.de/10010898783
This paper presents a family of multidimensional poverty indices that measure poverty as a function of the extent and the intensity of poverty. I provide a unique axiomatics from which both extent and intensity of poverty can be derived, as well as the poor be endogenously identified. This...
Persistent link: https://www.econbiz.de/10010635099