The Congruence Axiom and path independence

成果类型:
Article
署名作者:
Bandyopadhyay, T; Sengupta, K
署名单位:
University of California System; University of California Riverside; Jawaharlal Nehru University, New Delhi
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1999.2520
发表日期:
1999
页码:
254-266
关键词:
摘要:
This paper examines the connection between path independence and transitive rationalization of a choice function in a general domain where a choice function may nor include all possible non-empty subsets of the universal set. Describing a sequential choice procedure, this paper show's that the requirement of path independence of a choice function is equivalent to Richter's Congruence Axiom and thus to its transitive rationalization. Journal of Economic Literature Classification Number: D11. (C) 1999 Academic Press.