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Weakened WARP and top-cycle choice rules

journal contribution
posted on 2008-01-01, 00:00 authored by L Ehlers, Yves SprumontYves Sprumont
We propose the following weakened version of WARP: if the decision maker selects an alternative x and rejects another alternative y in some context, he cannot select y and reject x in another context. This axiom is consistent with cyclic choices. It is necessary and sufficient for the choice from every subset A of a (finite) universal set X to coincide with the weak upper-contour set of the transitive closure of some fixed complete relation at some alternative in A. Adding further simple axioms forces the choice from each subset to coincide with the top cycle (in that subset) of some fixed tournament over the universal set.

History

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Location

Amsterdam, The Netherlands

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2007, Elsevier

Journal

Journal of Mathematical Economics

Volume

44

Article number

1

Pagination

87-94

ISSN

0304-4068

Issue

1

Publisher

Elsevier

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