The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Lexicographic Orderings

  • Charles Blackorby
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_739

Abstract

Lexicographic orderings are orderings in which certain elements of the space being ordered have been selected for special treatment. I begin with an example. Suppose an agent has an ordering over commodities a and b. Although he or she likes both a and b, any bundle which has more of a is preferred to any bundle which has less of a. Of course among bundles which have the same amount of a, bundles with more b are preferred to those with less. Thus, there are no trade-offs between a and b and each indifference set is a single point. The name ‘lexicographic’ comes from the way words are ordered in a dictionary, alphabetically by the first letter and then the second and so on.

Keywords

Interpersonal utility comparisons Lexicographic orderings Maximin Social choice 
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References

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Charles Blackorby
    • 1
  1. 1.