This paper studies the conditions under which the basic results of the re vealed preference theory can be established on the domain of choice problems which include non-convex feasible sets, the exercice is closely related to the works of Peters and Wakker (1991) and Bossert (1994).

The world is currently experiencing average high temperatures and low precipitation, frequent droughts and scarcity of both ground and surface water. The damaging effects of global climate change are increasing and most damages are predicted to occur in developing countries due to their...

The world is currently experiencing average high temperatures and low precipitation, frequent droughts and scarcity of both ground and surface water. The damaging effects of global climate change are increasing and most damages are predicted to occur in developing countries due to their...

In this paper, I first prove an integral representation theorem: Every quasi-integral on a Stone lattice can be represented by a unique upper-continuous capacity. I then apply this representation theorem to study the topological structure of the space of all upper-continuous capacities on a...

In many decision scenarios, one has to choose an element from a set S given some reference point e. For the case where S is a subset of the Euclidean space , we axiomatize the choice method that selects the point in S that is closet to e.

In this paper I consider social choices under uncertainty. I prove that any social choice rule that satisfies independence of irrelevant alternatives, translation invariance, and weak anonymity is consistent with ex post Bayesian utilitarianism.