Ordinal notions of submodularity

B-Tier
Journal: Journal of Mathematical Economics
Year: 2008
Volume: 44
Issue: 11
Pages: 1243-1245

Authors (2)

Chambers, Christopher P. (not in RePEc) Echenique, Federico (University of California-Berke...)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We consider several ordinal formulations of submodularity, defined for arbitrary binary relations on lattices. Two of these formulations are essentially due to Kreps [Kreps, D.M., 1979. A representation theorem for "Preference for Flexibility". Econometrica 47 (3), 565-578] and one is a weakening of a notion due to Milgrom and Shannon [Milgrom, P., Shannon, C., 1994. Monotone comparative statics. Econometrica 62 (1), 157-180]. We show that any reflexive binary relation satisfying either of Kreps's definitions also satisfies Milgrom and Shannon's definition, and that any transitive and monotonic binary relation satisfying the Milgrom and Shannon's condition satisfies both of Kreps's conditions.

Technical Details

RePEc Handle
repec:eee:mateco:v:44:y:2008:i:11:p:1243-1245
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25