Necessary and Sufficient Conditions for Maximization of a Class of Preference Relations

S-Tier
Journal: Review of Economic Studies
Year: 1993
Volume: 60
Issue: 4
Pages: 949-958

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper provides necessary and sufficient conditions for the existence of greatest and maximal elements of weak and strict preferences, and unifies two very different approaches used in the related literature (the convexity and acyclicity approaches). Conditions called transfer FS-convexity and transfer SS-convexity are shown to be necessary and, in conjunction with transfer closedness and transfer openness, sufficient for the existence of greatest and maximal elements of weak and strict preferences, respectively. The results require neither the continuity nor convexity of preferences, and are valid for both ordered and unordered binary relations. Thus, the results generalize almost all of the theorems on existence of maximal elements of preferences that appear in the literature.

Technical Details

RePEc Handle
repec:oup:restud:v:60:y:1993:i:4:p:949-958.
Journal Field
General
Author Count
1
Added to Database
2026-01-29