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On the Equivalence of the Two Existing Extensions of the Leximax criterion to the Infinite Case

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Author Info
R. Arlegi () (Departamento de Economía-UPNA)
M. Ballester (Universidad Autónoma de Barcelona)
M. Besada (Universidad de Vigo)
J.R. De Miguel () (Departamento de Matemáticas-UPNA)
J. Nieto () (Departamento de Economía-UPNA)
C. Vázquez (Universidad de Vigo)
Abstract

Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003)), and show that, though the respective definitions of the rules and their axiomatic characterizations appear to differ considerably, they actually propose the same extension of the leximax criterion to the infinite case.

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Publisher Info
Paper provided by Departamento de Economía - Universidad Pública de Navarra in its series Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra with number 0609.

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Length: pages
Date of creation: 2006
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Publication status: Published in
Handle: RePEc:nav:ecupna:0609

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Related research
Keywords: preferences; utility; leximax;

Find related papers by JEL classification:
C60 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - General

References listed on IDEAS
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  1. Miguel A. Ballester & Juan R. De Miguel, 2003. "Extending an order to the power set: The Leximax Criterion," Social Choice and Welfare, Springer, vol. 21(1), pages 63-71, 08. [Downloadable!] (restricted)
  2. Bossert Walter & Pattanaik Prasanta K. & Xu Yongsheng, 1994. "Ranking Opportunity Sets: An Axiomatic Approach," Journal of Economic Theory, Elsevier, vol. 63(2), pages 326-345, August. [Downloadable!] (restricted)
  3. Barbera, S. & Bossert, W. & Pattanaik, P.K., 2001. "Ranking Sets of Objects," Cahiers de recherche 2001-02, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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