On the volume-ranking of opportunity sets in economic environments
The domain of polyconvex sets, i.e. finite unions of convex, compact, Euclidean sets, is large enough to encompass most of the opportunity sets typically encountered in economic environments, including non-linear or even non-convex budget sets, and opportunity sets arising from production sets. We provide a characterization of the volume-ranking as defined on the set of all polyconvex sets, relying on a valuation-based volume-characterization theorem due to Klain and Rota (1997).
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Volume (Year): 33 (2009)
Issue (Month): 1 (June)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Pattanaik, Prasanta K. & Xu, Yongsheng, 2000. "On Ranking Opportunity Sets in Economic Environments," Journal of Economic Theory, Elsevier, vol. 93(1), pages 48-71, July.
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