کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966635 931090 2013 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Variable preference relations: Existence of maximal elements
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Variable preference relations: Existence of maximal elements
چکیده انگلیسی
We consider variable preference relations, also called reference dependent preference relations, which are typical in the study of dynamic models in economic theories. We introduce a new concept of weak consistency, a generalization of acyclicity, as an immediate regret condition for variable preferences. The main result to establish is on an existence criterion for maximal elements of a space equipped with a weakly consistent variable preference relation. It is expressed via a preference completeness condition which is equivalent to existence of aspiration points. As applications, we show that a number of results known in the recent literature on maximum principles on a space with or without topological structure can be obtained from the unifying approach of this paper. Habit formation and state functions are also discussed in the framework of variable preference relations.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 49, Issue 4, August 2013, Pages 251-262
نویسندگان
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