Existence of a convex extension of a preference relation |
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Authors: | Paolo Scapparone |
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Institution: | 1. Dipartimento di Scienze Economiche, Università degli Studi di Pisa, Via Cosimo Ridolfi, 10, 56124, Pisa
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Abstract: | In this paper we say that a preference (i.e. irreflexive) relationP isregular (or aweak order) if both it and its non-comparability relation are transitive; we also say that a preference relationP * is aconvex extension of another preference relationP ifP?P * holds andP * is regular and convex-valued. We prove that a convex extension ofP exists if and only if every non-empty and finite set of alternativesA is not included in the convex hull of ∪ x∈A P(x). |
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