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Higher-Order Optimality Conditions in Set-Valued Optimization with Respect to General Preference Mappings
We present higher order necessary conditions for a model of welfare economics, where the preference mapping has a star-shape property. We assume that the preferences can be satiable and can be described by an arbitrary preference set, without the use of utility functions. These conditions are formul...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Netherlands
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8768435/ https://www.ncbi.nlm.nih.gov/pubmed/35075380 http://dx.doi.org/10.1007/s11228-022-00627-2 |
| Sumario: | We present higher order necessary conditions for a model of welfare economics, where the preference mapping has a star-shape property. We assume that the preferences can be satiable and can be described by an arbitrary preference set, without the use of utility functions. These conditions are formulated in terms of higher-order directional derivatives of multivalued mappings, and the variable domination structure is not given by cones. |
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