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Transitivity is a fundamental requirement for consistency. Legal systems, especially when composed over time and by different agencies, may encounter non-transitive cycles. This paper discusses a new solution to such cycles, namely setting the hierarchy of the relevant rules or preferences. The...
Persistent link: https://www.econbiz.de/10008783613
Transitivity is a fundamental axiom in Economics that appears in consumer theory, decision under uncertainty, and social choice theory. While the appeal of transitivity is obvious, observed choices sometimes contradict it. This paper shows that treatments of violations of transitivity al- ready...
Persistent link: https://www.econbiz.de/10004981536
Persistent link: https://www.econbiz.de/10003839688
Transitivity is a fundamental requirement for consistency. Legal systems, especially when composed over time and by different agencies, may encounter non-transitive cycles. This paper discusses a new solution to such cycles, namely setting the hierarchy of the relevant rules or preferences. The...
Persistent link: https://www.econbiz.de/10008857476
Persistent link: https://www.econbiz.de/10009787449