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Query: faculty: "FEB" and publication year: "1990"

AuthorsP.P. Wakker, H.J.M. Peters
TitleIndependence of irrelevant alternatives and revealed group preferences
Book/source titleGame theory and applications
Authors/EditorsA.N. Ichiishi, A. Neyman, Y. Tauman
PublisherAcademic Press
PlaceNew York
Year1990
Pages404-406
ISBN0-12-370182-1
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsDecision making; Mathematical methods
AbstractIt 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 typeChapter
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