Non-existence of continuous choice functions

نویسندگان

  • Hiroki Nishimura
  • Efe A. Ok
چکیده

Let X be a compact, or path-connected, metric space whose topological dimension is at least 2. We show that there does not exist a continuous choice function (i.e., single-valued choice correspondence) defined on the collection of all finite feasible sets in X. Not to be void of content, therefore, a revealed preference theory in the context of most infinite consumption spaces must either relinquish the fundamental continuity property or allow for multi-valued choice correspondences. © 2014 Published by Elsevier Inc. JEL classification: D11; D81

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عنوان ژورنال:
  • J. Economic Theory

دوره 153  شماره 

صفحات  -

تاریخ انتشار 2014