Affiliation:
1. Faculty of Economic and Business Sciences, Department of Mathematics, Universidade de Vigo, Vigo, Galicia, Spain
Abstract
The objective of this work is to prove the independence of the axioms that characterise rules for ranking opportunity sets: the preference for diversity ordering, the cardinality-first ordering, and the preference-first ordering. The proof of the independence of axioms reinforces the value of the characterisation, since if there were axioms where a consequence of others, they should be eliminated from said characterisation. JEL: D0, D9
Subject
General Economics, Econometrics and Finance