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Departamento de Economía
Documentos de Trabajo
On the Equivalence of the Two Existing Extensions of the Leximax criterion to the Infinite Case
R. Arlegi
M. Ballester
M. Besada
J.R. De Miguel
J. Nieto
C. Vázquez
Abstract
Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003)), and show that, though the respective definitions of the rules and their axiomatic characterizations appear to differ considerably, they actually propose the same extension of the leximax criterion to the infinite case.
Key words: preferences, utility, leximax.
JEL classification: C60
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