On the Equivalence of the Two Existing Extensions of the Leximax criterion to the Infinite Case
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.
|Date of creation:||2006|
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- 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.
- 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.
- 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.
- Arlegi, R. & Besada, M. & Nieto, J. & Vazquez, C., 2005. "Freedom of choice: the leximax criterion in the infinite case," Mathematical Social Sciences, Elsevier, vol. 49(1), pages 1-15, January.
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