Optimization and external reference; a comparison of three axiomatic systems

Economics Letters, 1997

Abstract

ABSTRACT This note provides a comparison of three axiomatic systems where individuals optimize according to different so-called external references. It is work in progress in so far as the analysis is restricted to the case of an underlying linear ordering. Congruences and divergences among all three systems are specified.

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Optimization and external reference; a comparison of three axiomatic systems

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