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A revealed preference test for weakly separable preferences

Abstract:

Consider a finite data set of price vectors and consumption bundles; under what conditions will there be a weakly separable utlity function that rationalizes the data? This paper shows that rationalization in this sense is possible if and only if there exists a preference order on some finite set of consumption bundles that is consistent with the observations and that is weakly separable. Since there can only be a finite number of preference orders on this set, the problem of rationalizatio...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2012-04-01
Paper number:
601
Keywords:
Pubs id:
1143828
Local pid:
pubs:1143828
Deposit date:
2020-12-15

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