Reference-dependent rankings of sets in characteristics space

Gaertner, W. & Xu, Y. (2011). Reference-dependent rankings of sets in characteristics space. Social Choice and Welfare, 37(4), 717-728. https://doi.org/10.1007/s00355-011-0569-7
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This article uses Lancaster's characteristics approach to rank sets of alternative combinations of commodity characteristics. It is assumed that there exists a reference point or reference level from which the individual evaluates set expansions in appropriate directions. We provide an axiomatic characterization for such a case.

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