The existence of maximal elements: generalized lexicographic relations
In the present paper, the existence of maximal elements for binary relations are studied. Generalized lexicographic relations are introduced, and some results on existence of maximal elements are provided. A simple example shows that economies with "lexicographic consumers" need not have equilibria even though demand functions associated with generalized lexicographic relations may be continuous for positive prices.
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- Llinares, Juan-Vicente, 1998.
"Unified treatment of the problem of existence of maximal elements in binary relations: a characterization,"
Journal of Mathematical Economics,
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