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Supermodularity and preferences

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Author Info
Chambers, Christopher P.
Echenique, Federico

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Abstract

We uncover the complete ordinal implications of supermodularity on finite lattices under the assumption of weak monotonicity. In this environment, we show that supermodularity is ordinally equivalent to the notion of quasisupermodularity introduced by Milgrom and Shannon. We conclude that supermodularity is a weak property, in the sense that many preferences have a supermodular representation.

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File URL: http://www.sciencedirect.com/science/article/B6WJ3-4STB0N6-1/2/857b8e72d8b90f2cb2145c9c99b3268b
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Publisher Info
Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 144 (2009)
Issue (Month): 3 (May)
Pages: 1004-1014
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Handle: RePEc:eee:jetheo:v:144:y:2009:i:3:p:1004-1014

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Web page: http://www.elsevier.com/locate/inca/622869

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Related research
Keywords: Complementarity Revealed preference Afriat's theorem Refutability;

Cited by:
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  1. Tasos Kalandrakis, 2008. "Rationalizable Voting," Wallis Working Papers WP51, University of Rochester - Wallis Institute of Political Economy. [Downloadable!]
  2. Chambers, Christopher P. & Echenique, Federico & Shmaya, Eran, 2007. "On behavioral complementarity and its implications," Working Papers 1270, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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This page was last updated on 2009-12-3.


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