Bossert, Walter; Sprumont, Yves; Suzumura, Kotaro - Center for Intergenerational Studies, Institute of … - 2002
Consistency of a binary relation requires any preference cycle to involve indifference only. As shown by Suzumura (1976b), consistency is necessary and sufficient for the existence of an ordering extension of a relation. Because of this important role of consistency, it is of interest to examine...