Abstract
The paper provides an axiomatic characterization of the additive choice function using the additivity property. It is seen that, along with Pareto optimality, symmetry, and a supporting line property, the additivity axiom uniquely characterizes the additive choice function. The additive choice function as defined in this paper does not satisfy Nash's assumption of the independence of irrelevant alternatives. This raises the question of when a choice function is representable, an issue addressed in an appendix.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
