11 research outputs found

    On integrability and aggregation of superior demand functions

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    When each of the members of a collective displays a demand behavior that is consistent with a homogeneous of degree one in income demand, it is well known that some properties carry over to the aggregate representative consumer. We investigate those issues when the components of the society are allowed to behave in agreement with less restrictive demand patterns, namely superior demand functions.

    Conditional ordering extensions

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    Abstract We produce a solution to the problem of extending a quasiordering conditional on a finite list of ex-ante comparisons between pairs. This constitutes yet another extension of the classical Szpilrajn's theorem. Some examples of use of our result follow

    Mathematical utility theory and the representability of demand by continuous homogeneous functions

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    The resort to utility-theoretical issues will permit us to propose a constructive procedure for deriving a homogeneous of degree one continuous function that gives raise to a primitive demand function under suitably mild conditions. This constitutes the first self-contained and elementary proof of a necessary and sufficient condition for an integrability problem to have a solution by continuous (subjective utility) functions.info:eu-repo/semantics/publishedVersio

    Ranking Sets Additively in Decisional Contexts: An Axiomatic Characterization

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    Ranking finite subsets of a given set X of elements is the formal object of analysis in this paper. This problem has found a wide range of economic interpretations in the literature. The focus of the paper is on the family of rankings that are additively representable. Existing characterizations are too complex and hard to grasp in decisional contexts. Furthermore, Fishburn [13] showed that the number of sufficient and necessary conditions that are needed to characterize such a family has no upper bound as the cardinality of X increases. In turn, this paper proposes a way to overcome these difficulties and allows for the characterization of a meaningful (sub)family of additively representable rankings of sets by means of a few simple axioms. Pattanaik and Xu's [21] characterization of the cardinalitybased rule will be derived from our main result, and other new rules that stem from our general proposal are discussed and characterized in even simpler terms. In particular, we analyze restricted-cardinality based rules, where the set of "focal" elements is not given ex-ante; but brought out by the axioms.

    Liberal approaches to ranking infinite utility streams: when can we avoid interference?

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    [EN]In this work we analyse social welfare relations on sets of finite and infinite utility streams that satisfy various types of liberal non-interference principles. Earlier contributions have established that (finitely) anonymous and strongly Paretian quasiorderings exist that verify non-interference axioms together with weak preference continuity and further consistency. Nevertheless Mariotti and Veneziani prove that a fully liberal non-interfering view of a finite society leads to dictatorship if the weak Pareto principle is imposed. We first prove that this impossibility result vanishes when we extend the horizon to infinity. Then we investigate a related problem: namely, the possibility of combining \standard" semicontinuity with eficiency in the presence of non-interference. We provide several impossibility results that prove that there is a generalised incompatibility between relaxed forms of continuity and non- interference principles, both under ordinal and cardinal views of the problem
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