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AA00260492-19990002-0053  
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Title
Title PATH INDEPENDENCE AND CHOICE ACYCLICITY PROPERTY  
Kana  
Romanization  
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Title  
Kana  
Romanization  
Creator
Name LAHIRI, Somdeb  
Kana  
Romanization  
Affiliation Indian Institute of Management  
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Tokyo  
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Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 1999  
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Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
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Name Keio economic studies  
Name (Translated)  
Volume 36  
Issue 2  
Year 1999  
Month  
Start page 53  
End page 63  
ISSN
00229709  
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Abstract
The paper begins by exploring the Path Independence Property. The possibility of a lower and upper approximation of a choice function satisfying Path Independence is dealt with in the paper. A significant property implied by Path Independence is Outcasting. We propose in the paper a unique characterisation of a choice function, called the batch choice function, which satisfies Outcasting. However, the relevant characterisation theorem requires a property stronger than Outcasting called the Choice Acyclicity Property. In an appendix to the paper, we provide a simple proof (without using Zorn's Lemma), of the fact that satisfaction of a property by a choice function is equivalent to the existence of a utility function, whose maximizers on a feasible set are always chosen. This result is originally due to Deb [1983]. This theorem is used in our paper to prove the existence of Path Independent lower approximations.
 
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英語  
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Dec 18, 2009 09:00:00  
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Dec 18, 2009 09:00:00  
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/ Public / Faculty of Economics / Keio economic studies / 36(2) 1999
 
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