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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container_end_page 62
container_issue 1
container_start_page 57
container_title Economics letters
container_volume 57
creator Gaertner, Wulf
Xu, Yongsheng
description 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.
doi_str_mv 10.1016/S0165-1765(97)81880-0
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source RePEc; Elsevier ScienceDirect Journals
subjects Choice Functions
Economic analysis
External References
Linear models
Norms
Rational choice
Rationalizability
title Optimization and external reference; a comparison of three axiomatic systems
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