Published February 2006 | Version Submitted
Working Paper Open

Supermodularizability

Abstract

We study the ordinal content of assuming supermodularity, including conditions under which a binary relation can be represented by a supermodular function. When applied to revealed-preference relations, our results imply that supermodularity is some times not refutable: A consumer's choices can be rationalized with a supermodular utility function if they can be rationalized with a monotonic utility function. Hence, supermodularity is not empirically distinguishable from monotonicity. We present applications to assortative matching, decision under uncertainty, and to testing production technologies.

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Identifiers

Eprint ID
79750
Resolver ID
CaltechAUTHORS:20170802-103018989

Dates

Created
2017-08-02
Created from EPrint's datestamp field
Updated
2020-03-09
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Caltech Custom Metadata

Caltech groups
Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
1248