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Non-Transitive Consumer Behavior
Rational choice when preferences are not required to be transitive and complete has been discussed in the literature for years. In this article transitivity and completeness of the preference relation is also not assumed. It will be shown that nevertheless the existence of a competitive equilibrium can be proven when those properties are replaced by a domination property which allows that there could be cicles among those alternatives which are of less importance for the individual and which hedoi:10.4230/dagsemproc.04271.4 fatcat:bzids5vcgvhyxe56buh7xoog4y