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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Economic ...arrow_drop_down
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Journal of Economic Theory
Article . 1999 . Peer-reviewed
License: Elsevier TDM
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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Article . 1999
Data sources: zbMATH Open
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The Congruence Axiom and Path Independence

The congruence axiom and path independence
Authors: Bandyopadhyay, Taradas; Sengupta, Kunal;

The Congruence Axiom and Path Independence

Abstract

Let \(X\) be a universal set and let \([X]\) denote the collection of non-empty subsets of \(X\). The authors consider choice functions \(C:S \to [X]\), where \(S\) is a non-empty subcollection of \(X\). Let \(A \in S\). A path in \(A\) is a finite ordered collection of non-empty subsets of \(A\) covering \(A\). A choice function is called path independent on \(A\) if the ultimate choice in some sequential procedure does not depend upon the path. In the general setting of the authors, the domain of the choice function may not be all of \([X]\). In this case, it is possible that given a set \(A\in S\), some of the subsets of a path in \(A\), their images under the choice function, or indeed the image of \(A\), may not be in \(S\). Hence, in order to define sequential choice procedures, the authors introduce various technical admissibility criteria. Under these admissibility criteria, the main result of the paper is that a sequential choice function is path independent if and only if it satisfies Richter's congruence axiom on revealed preference, which in turn is a necessary and sufficient condition for \(C\) to have a transitive rationalization.

Keywords

choice functions, path independence, transitive rationality, revealed preference, Social choice

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
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