On the Equivalence of the Two Existing Extensions of the Leximax criterion to the Infinite Case

Autores: Miguel A. Ballester, Manuel Besada Morais , Ricardo Arlegi Pérez, Juan Ramón de Miguel Velasco , María del Carmen Vázquez Rodríguez, Jorge Nieto Vázquez
Localización: Documentos de Trabajo ( Universidad Pública de Navarra. Departamento de Economía ), Nº. 9, 2006
Idioma: inglés
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Resumen
- 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.