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Welfare criteria from choice: An axiomatic analysis

Article ID Journal Published Year Pages File Type
5071510 Games and Economic Behavior 2016 15 Pages PDF
Abstract
We prove that these properties characterize the sequential solution: the best alternative is the alternative chosen from the universal set; the second best is the one chosen when the best alternative is removed; and so on. We also discuss some alternative axioms and solutions.
Keywords
D01Bounded rationality
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Welfare criteria from choice: An axiomatic analysis
Authors
Sean Horan, Yves Sprumont,
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Games and Economic Behavior
Journal: Games and Economic Behavior
Related Categories
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Bounded rationality
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