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On the Representability of a Class of Lexicographic Preferences

Author

Listed:
  • Kuntal Banerjee

    (Florida Atlantic University)

Abstract

We present sufficient conditions for the non-representability of a class of lexicographic preferences. The proof of non-representability builds on the classical Debreu (1954) argument and its usefulness in generating counter examples is demonstrated through a series of examples.

Suggested Citation

  • Kuntal Banerjee, 2018. "On the Representability of a Class of Lexicographic Preferences," Economics Bulletin, AccessEcon, vol. 38(2), pages 1213-1218.
    • Handle: RePEc:ebl:ecbull:eb-17-01012
    as

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    References listed on IDEAS

    as
    1. Peter C. Fishburn, 1975. "Axioms for Lexicographic Preferences," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(3), pages 415-419.
    2. Mitra, Manipushpak & Sen, Debapriya, 2014. "An alternative proof of Fishburn’s axiomatization of lexicographic preferences," Economics Letters, Elsevier, vol. 124(2), pages 168-170.
    3. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    4. Kuntal Banerjee, 2014. "On the representation of preference orders on sequence spaces," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(2), pages 497-506, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Lexicographic Preferences; Representable Binary Relation; Utility Function.;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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