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Counting Combinatoral Choice Rules
Echenique, Federico - California Institute of Technology, Division of the … - 2004
I count the number of combinatorial choice rules that satisfy certain properties: Kelso-Crawford substitutability, and … independence of irrelevant alternatives. The results are important for two-sided matching theory, where agents are modeled by … implications for the Gale-Shapley algorithm of matching theory. …
Persistent link: https://www.econbiz.de/10005292965
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Counting Combinatorial Choice Rules
Echenique, Federico - EconWPA - 2004
I count the number of combinatorial choice rules that satisfy certain properties: Kelso-Crawford substitutability, and … independence of irrelevant alternatives. The results are important for two-sided matching theory, where agents are modeled by … implications for the Gale-Shapley algorithm of matching theory. …
Persistent link: https://www.econbiz.de/10005118545
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Numéraire-invariant preferences in financial modeling
Kardaras, Constantinos - London School of Economics (LSE) - 2010
We provide an axiomatic foundation for the representation of numéraire-invariant preferences of economic agents acting in a financial market. In a static environment, the simple axioms turn out to be equivalent to the following choice rule: the agent prefers one outcome over another if and only...
Persistent link: https://www.econbiz.de/10010884726
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On consistent solutions for strategic games
Pieri, Graziano; Patrone, Fioravante; Torre, Anna; … - In: International Journal of Game Theory 27 (1998) 2, pp. 191-200
Nash equilibria for strategic games were characterized by Peleg and Tijs (1996) as those solutions satisfying the properties of consistency, converse consistency and one-person rationality. <p> There are other solutions, like the -Nash equilibria, which enjoy nice properties and appear to be...</p>
Persistent link: https://www.econbiz.de/10005375684
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articles: Relaxing the nearest centre assumption in central place theory
Boots, Barry; South, Robert - In: Papers in Regional Science 78 (1999) 2, pp. 157-177
Although a variety of modifications of classical central place theory has been proposed, one area that remains …
Persistent link: https://www.econbiz.de/10005382057
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Rational indecisive choice
Gerasimou, Georgios - Volkswirtschaftliche Fakultät, … - 2010
first rule and weak preferences in the second. Each of them includes the corresponding utility-maximisation theory of …
Persistent link: https://www.econbiz.de/10008678268
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List-rationalizable choice
Yıldız, Kemal - In: Theoretical Economics (2015)
A choice function is \textit{list rational(izable)}, if there is a fixed \textit{list} such that for each \textit{choice set}, successive comparison of the alternatives by following the \textit{list} retrieves the chosen alternative. We extend the formulation of list rationality to stochastic...
Persistent link: https://www.econbiz.de/10011272738
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A Theory of Reference-Dependent Behavior
Apesteguia, Jose; Ballester, Miguel Angel - Barcelona Graduate School of Economics (Barcelona GSE) - 2007
Extensive field and experimental evidence in a variety of environments show that behavior depends on a reference point. This paper provides an axiomatic characterization of this dependence. We proceed by imposing gradually more structure on both choice correspondences and preference relations,...
Persistent link: https://www.econbiz.de/10011253108
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Outcast Condition in the Choice Theory
Danilov, V. - In: Journal of the New Economic Association 13 (2012) 1, pp. 34-49
In the paper we give two characterizations of choice functions satisfying the outcast condition. The first one is given in order terms, and the second (algebraic) one is given in terms of an operation on the set of stable menus. We investigate implications of associativity of the operation as...
Persistent link: https://www.econbiz.de/10010540371
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A Primal Divisia Technical Change Index Based on the Output Distance Function
Feng, Guohua; Serletis, Apostolos - Department of Econometrics and Business Statistics, … - 2010
We derive a primal Divisia technical change index based on the output distance function and further show the validity of this index from both economic and axiomatic points of view. In particular, we derive the primal Divisia technical change index by total differentiation of the output distance...
Persistent link: https://www.econbiz.de/10008599215