Back to Search Start Over

Maximal-Element Rationalizability.

Authors :
Bossert, Walter
Sprumont, Yves
Suzumura, Kotaro
Source :
Theory & Decision; Jun2005, Vol. 58 Issue 4, p325-350, 26p
Publication Year :
2005

Abstract

We examine the maximal-element rationalizability of choice functions with arbitrary domains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed relatively thoroughly in the earlier literature, this is not the case for maximal-element rationalizability, except when it coincides with greatest-element rationalizability because of properties imposed on the rationalizing relation. We develop necessary and sufficient conditions for maximal-element rationalizability by itself, and for maximal-element rationalizability in conjunction with additional properties of a rationalizing relation such as reflexivity, completeness, P-acyclicity, quasi-transitivity, consistency and transitivity. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00405833
Volume :
58
Issue :
4
Database :
Complementary Index
Journal :
Theory & Decision
Publication Type :
Academic Journal
Accession number :
18843147
Full Text :
https://doi.org/10.1007/s11238-005-6849-x