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Addendum to: "Ranking opportunity sets on the basis of similarities of preferences: a proposal"

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  • Luc Lauwers
  • Tom Potoms
  • Carmen Vázquez

Abstract

Vázquez (2014) proposes to rank opportunity sets on the basis of the similarities of the elements within each set. The ranking rule, denoted by SL, is lexicographic and takes into account the indirect utility, the number of elements that are similar to the best element, and finally 1 the utilities of representatives of subsequently lower similarity classes. This note corrects a gap in the characterization of this rule.

Suggested Citation

  • Luc Lauwers & Tom Potoms & Carmen Vázquez, 2017. "Addendum to: "Ranking opportunity sets on the basis of similarities of preferences: a proposal"," Working Papers of Department of Economics, Leuven 580589, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    • Handle: RePEc:ete:ceswps:580589
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