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Continuous lexicographic preferences
Affiliation:1. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, China;2. Department of Finance and Insurance, Lingnan University, Hong Kong;1. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, China;2. Department of Finance and Insurance, Lingnan University, 8 Castle Peak Road, Tuen Mun, Hong Kong;1. Department of Economics, Maastricht University, Maastricht, The Netherlands;2. CEREC, Saint-Louis University, Brussels, Belgium;3. CORE, University of Louvain, Louvain-la-Neuve, Belgium;1. Nanyang Technological University, Singapore;2. World Bank, United States
Abstract:Under what conditions are lexicographically representable preferences continuously representable? This question is actually two questions, since there are two natural definitions of continuity for lexicographic representations. A complete answer is given for one of these questions, and the other is answered for two dimensional lexicographic representations.
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