Choice on the simplex domain (Q2338656)

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scientific article; zbMATH DE number 7134898
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    Choice on the simplex domain
    scientific article; zbMATH DE number 7134898

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      Choice on the simplex domain (English)
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      21 November 2019
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      The authors consider a \(n\)-agent choice problem: there is a surplus of a perfectly divisible good, which has to be divided among n agents with an entitled minimal share. The choice problem is represented by the unit simplex and its subsimplices. Choice rules with 3 properties are analyzed: independence of irrelevant alternatives, continuity (with respect to minimal shares), monotonicity (fairness). The authors give a new proof for these choice rules to be represantable by a real valued function (based on the Lebesgue-measure of choice sets). Other theorems give characterizations of path collections and weak or strong revealed preference relations. Special results are obtained for \(n=3\).
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      choice rules
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      representability
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      revealed preference
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