Title: Ranking opportunity sets, indirect utility and indifferences
Authors: Potoms, Tom
Lauwers, Luc
Issue Date: Sep-2012
Publisher: KU Leuven CES
Series Title: CES - Discussion paper series DPS12.13 pages:1-14
Abstract: We characterize a new quasi-ordering on the collection of opportunity (or choice) sets. This new rule combines two criteria: the individual preferences on the universal set of options and the number of maximal options in the opportunity set. This new rule is compared with the indirect utility approach, and is further refined towards the leximax rule defined by Bossert, Pattanaik, and Xu (Journal of Economic Theory, 63, 1994).
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Research Center of Econometrics, Leuven

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