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Characterization of generalized weak orders and revealed preference

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Summary

This short paper provides an alternative framework to axiomatize various binary preference relations such as semiorder, weak semiorder etc. A set of simple axioms is presented in terms of revealed-preferred and revealed-inferior alternatives which makes the connection between various binary preference relations transparent; and every single axiom is necessary and sufficient for the existence of a binary preference relation of a specified type.

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Authors and Affiliations

  1. Department of Economics, University of California, 92521, Riverside, CA, USA

    Taradas Bandyopadhyay & Kunal Sengupta

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  1. Taradas Bandyopadhyay
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  2. Kunal Sengupta
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Additional information

We thank Bhasker Dutta, Peter Fishburn, Prasanta Pattanaik, Robert Russell and Thomas Schwartz for helpful suggestions

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Bandyopadhyay, T., Sengupta, K. Characterization of generalized weak orders and revealed preference. Econ Theory 3, 571–576 (1993). https://doi.org/10.1007/BF01209703

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  • DOI: https://doi.org/10.1007/BF01209703

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