min, max, and sum (Q1851231)
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English | min, max, and sum |
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min, max, and sum (English)
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16 December 2002
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The authors provide characterization theorems for preferences that can be represented by the minimum, the maximum, the sum, or combinations of these functionals. A weak version of separability, called partial separability, is introduced. It states that changing a common component of two vectors does not reverse strict preferences, but may turn strict preferences into indifference. Applications to social choice are discussed.
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preferences
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social choice
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separability
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