Optimization and external reference; a comparison of three axiomatic systems

Optimization and external reference; a comparison of three axiomatic systems

This note provides a comparison of three axiomatic systems where individuals optimize according to different so-called external references. It is work in progress in so far as the analysis is restricted to the case of an underlying linear ordering. Congruences and divergences among all three systems...

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Veröffentlicht in:Economics letters 1997-11, Vol.57 (1), p.57-62
Hauptverfasser: Gaertner, Wulf, Xu, Yongsheng
Format: Artikel
Sprache:eng
Schlagworte:
Choice Functions
Economic analysis
External References
Linear models
Norms
Rational choice
Rationalizability
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Beschreibung
Zusammenfassung:This note provides a comparison of three axiomatic systems where individuals optimize according to different so-called external references. It is work in progress in so far as the analysis is restricted to the case of an underlying linear ordering. Congruences and divergences among all three systems are specified.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(97)81880-0