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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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Authors


John K.-H. Quah More by this author
Volume:
601
Series:
Discussion paper series
Publication date:
2012-04-05
URN:
uuid:ec1f1298-27c7-4291-a003-0196901af4d6
Local pid:
oai:economics.ouls.ox.ac.uk:15391
Language:
English

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