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Preferences, Choice Sets, and Best Elements

In: Lectures in the Microeconomics of Choice Foundations, Consumers, and Producers

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  • W. D. A. Bryant

Abstract

The following sections are included:IntroductionArrow–Debreu Consumer Choice Theory (ADCT )The Existence of Best ElementsThe Fundamental Theorem of Choice TheoryGeneralizations and Extensions of Proposition 3.4Relaxing the Transitivity of PreferencesRelaxing the Continuity of PreferencesRelaxing the Completeness of PreferencesRelaxing Compactness of the Choice SetBehavioural Alternatives to Preference MaximizationConclusion

Suggested Citation

  • W. D. A. Bryant, 2023. "Preferences, Choice Sets, and Best Elements," World Scientific Book Chapters, in: Lectures in the Microeconomics of Choice Foundations, Consumers, and Producers, chapter 3, pages 69-234, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811254710_0003
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    Keywords

    Microeconomics; Choice Theory; Axiomatics; Arrow–Debreu Model; Scientific Method; Consumer Preferences; Choice Sets; Best Elements; Transitivity; Continuity; Completeness; Compactness; Behavioral Economics; Preference Maximization; Utility Function; Special Preference Structures; Choice Under Risk; Choice Under Uncertainty; Intertemporal Choice; Primal Approach; Budget Constraint; Monotone Comparative Statics; Market Demand; Duality; Expenditure Function; Indirect Utility; Distance Function; Benefit Function; Frisch Profit Function; Comparative Statics; Revealed Preference; Integrability; Producers; Production Possibility Set; Slutsky Equation;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D2 - Microeconomics - - Production and Organizations

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