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The Indirect-Utility Criterion for Ranking Opportunity Sets over Time

BORDA Research Unit and Multidisciplinary Institute of Enterprise (IME), University of Salamanca, E37007 Salamanca, Spain
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Symmetry 2019, 11(2), 241; https://doi.org/10.3390/sym11020241
Received: 31 January 2019 / Revised: 12 February 2019 / Accepted: 13 February 2019 / Published: 15 February 2019
A preference defined on a set of alternatives can be extended to a preference on the subsets of alternatives (named opportunity sets) in different ways. We specifically consider the application of the indirect-utility (IU) criterion in various stages, when both the alternatives and the preferences can change over time. In other words, we maintain the symmetry over time as far as criteria are concerned, but neither in the preferences, nor in the alternatives. We characterize this criterion by three testable axioms. Our study bears comparison with Krause (Economic Theory, 2008) for the two-period model. View Full-Text
Keywords: opportunity sets; ranking; preference; indirect-utility (IU); lexicographical order opportunity sets; ranking; preference; indirect-utility (IU); lexicographical order
MDPI and ACS Style

García-Sanz, M.D.; Alcantud, J.C.R. The Indirect-Utility Criterion for Ranking Opportunity Sets over Time. Symmetry 2019, 11, 241. https://doi.org/10.3390/sym11020241

AMA Style

García-Sanz MD, Alcantud JCR. The Indirect-Utility Criterion for Ranking Opportunity Sets over Time. Symmetry. 2019; 11(2):241. https://doi.org/10.3390/sym11020241

Chicago/Turabian Style

García-Sanz, María D.; Alcantud, José C.R. 2019. "The Indirect-Utility Criterion for Ranking Opportunity Sets over Time" Symmetry 11, no. 2: 241. https://doi.org/10.3390/sym11020241

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