Abstract

  


 



The Existence of Maximal Elements: Generalized Lexicographic Relations


Jens Leth Hougaard


University of Copenhagen - Department of Economics

Mich Tvede


University of Copenhagen - Department of Economics
May 21, 2001

University of Copenhagen Dept. of Economics Discussion Paper No. 01-05

Abstract:     
In the present paper, the existence of maximal elements for binary relations are studied. Generalized lexicographic relations are introduced, and some results on existence of maximal elements are provided. A simple example shows that economies with "lexicographic consumers" need not have equilibria even though demand functions associated with generalized lexicographic relations may be continuous for positive prices.

Number of Pages in PDF File: 10

Keywords: Maximal Elements, Binary Relations, Lexicographic Relations

JEL Classification: D11

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Date posted: March 21, 2011  

Suggested Citation

Hougaard, Jens Leth Leth and Tvede, Mich Palle, The Existence of Maximal Elements: Generalized Lexicographic Relations (May 21, 2001). University of Copenhagen Dept. of Economics Discussion Paper No. 01-05. Available at SSRN: http://ssrn.com/abstract=1791722 or http://dx.doi.org/10.2139/ssrn.1791722

Contact Information

Jens Leth Hougaard
University of Copenhagen - Department of Economics ( email )
Copenhagen University Library
Licenssekretariatet Nørre Alle 49
DK-2200 Copenhagen N.
Denmark
Mich Palle Tvede (Contact Author)
University of Copenhagen - Department of Economics ( email )
Copenhagen University Library
Licenssekretariatet Nørre Alle 49
DK-2200 Copenhagen N.
Denmark
45 35 32 30 92 (Phone)
45 35 32 30 85 (Fax)
Feedback to SSRN (Beta)


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