The Congruence Axiom and Path Independence

نویسندگان

  • Taradas Bandyopadhyay
  • Kunal Sengupta
  • Van der Bellen
چکیده

This paper examines the connection between path independence and transitive rationalization of a choice function in a general domain where a choice function may not include all possible non-empty subsets of the universal set. Describing a sequential choice procedure, this paper shows that the requirement of path independence of a choice function is equivalent to Richter's Congruence Axiom and thus to its transitive rationalization. Journal of Economic Literature Classification Number: D11. 1999 Academic Press

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تاریخ انتشار 1999