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Kuntal Banerjee |
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''On the Representability of a Class of Lexicographic Preferences'' |
( 2018, Vol. 38 No.2 ) |
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We present sufficient conditions for the non-representability of a class of lexicographic preferences. The proof of non-representability builds on the classical Debreu (1954) argument and its usefulness in generating counter examples is demonstrated through a series of examples. |
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Keywords: Lexicographic Preferences, Representable Binary Relation, Utility
Function. |
JEL: D1 - Household Behavior: General
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Manuscript Received : Dec 26 2017 | | Manuscript Accepted : Jun 21 2018 |
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