Choice on the simplex domain (Q2338656)

From MaRDI portal
scientific article
Language Label Description Also known as
English
Choice on the simplex domain
scientific article

    Statements

    Choice on the simplex domain (English)
    0 references
    0 references
    0 references
    21 November 2019
    0 references
    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 \(n=3\).
    0 references
    0 references
    choice rules
    0 references
    representability
    0 references
    revealed preference
    0 references

    Identifiers