Query:
faculty: "FEB" and publication year: "1990"
| Authors | P.P. Wakker, H.J.M. Peters | | Title | Independence of irrelevant alternatives and revealed group preferences |
| Book/source title | Game theory and applications |
| Authors/Editors | A.N. Ichiishi, A. Neyman, Y. Tauman |
| Publisher | Academic Press |
| Place | New York |
| Year | 1990 |
| Pages | 404-406 |
| ISBN | 0-12-370182-1 |
| Faculty | Faculty of Economics and Business |
| Institute/dept. | FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM) |
| Keywords | Decision making; Mathematical methods |
| Abstract | It is shown that a Pareto optimal and continuous single-valued choice function defined on the compact convex subsets of the positive orthant of the plane maximizes a real-valued function if and only if it satisfies the independence of irrelevant alternatives condition. Further, this real-valued function must be strongly quasiconcave. The result can be applied to consumer demand theory to deal with nonlinear budget sets, and to bargaining game theory to generalize the Nash bargaining solution. |
| Document type | Chapter |
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