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Lexicographic Preferences over Random Availability Functions

Published 19 May 2025 in econ.TH and math.OC | (2505.12997v1)

Abstract: We provide an axiomatic characterization of lexicographic preferences over the set of all random availability functions using two assumptions. The first assumption is strong monotonicity, which in our framework is equivalent to the strong dominance property in microeconomics. The second assumption is independence of worse alternatives and we show that a weaker version of the same suffices for our purpose.

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Authors (1)

  1. Somdeb Lahiri 

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