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.
|Date of creation:||May 2001|
|Date of revision:|
|Contact details of provider:|| Postal: Øster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark|
Phone: (+45) 35 32 30 10
Fax: +45 35 32 30 00
Web page: http://www.econ.ku.dk
More information through EDIRC
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.:
- Michael Lockwood, 1999. "Preference Structures, Property Rights, and Paired Comparisons," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 13(1), pages 107-122, January.
- Juan Vicente Llinares Císcar, 1995.
"Unified Treatment Of The Problem Of Existence Of Maximal Elements In Binary Relations. A Characterization,"
Working Papers. Serie AD
1995-17, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Llinares, Juan-Vicente, 1998. "Unified treatment of the problem of existence of maximal elements in binary relations: a characterization," Journal of Mathematical Economics, Elsevier, vol. 29(3), pages 285-302, April.
- Colman, Andrew M. & Stirk, Jonathan A., 1999. "Singleton bias and lexicographic preferences among equally valued alternatives," Journal of Economic Behavior & Organization, Elsevier, vol. 40(4), pages 337-351, December.
- Walker, Mark, 1977. "On the existence of maximal elements," Journal of Economic Theory, Elsevier, vol. 16(2), pages 470-474, December.
- Guoqiang Tian, 1993. "Necessary and Sufficient Conditions for Maximization of a Class of Preference Relations," Review of Economic Studies, Oxford University Press, vol. 60(4), pages 949-958.
- Yannelis, Nicholas C. & Prabhakar, N. D., 1983. "Existence of maximal elements and equilibria in linear topological spaces," Journal of Mathematical Economics, Elsevier, vol. 12(3), pages 233-245, December.
- Peter C. Fishburn, 1975. "Axioms for Lexicographic Preferences," Review of Economic Studies, Oxford University Press, vol. 42(3), pages 415-419.
- Bergstrom, Theodore C., 1975. "Maximal elements of acyclic relations on compact sets," Journal of Economic Theory, Elsevier, vol. 10(3), pages 403-404, June.
- Knoblauch, Vicki, 2000. "Lexicographic orders and preference representation," Journal of Mathematical Economics, Elsevier, vol. 34(2), pages 255-267, October.
When requesting a correction, please mention this item's handle: RePEc:kud:kuiedp:0105. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Hoffmann)
If references are entirely missing, you can add them using this form.