General Solutions For Choice Sets: The Generalized Optimal-Choice Axiom Set

Source: Munich Personal Repec Archive

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In this paper the authors characterize the existence of best choices of arbitrary binary relations over non finite sets of alternatives, according to the Generalized Optimal-Choice Axiom condition introduced by Schwartz. They focus not just in the best choices of a single set X, but rather in the best choices of all the members of a family K of subsets of X. Finally the authors generalize earlier known results concerning the existence (or the characterization) of maximal elements of binary relations on compact subsets of a given space of alternatives.
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Date:Nov 2008