An algebraic approach to revealed preference

نویسندگان

چکیده

Abstract We propose and develop an algebraic approach to revealed preference. Our dispenses with non-algebraic structure, such as topological assumptions. provide axioms of preference that subsume previous classical show a data set is rationalizable if only it consistent axiom.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A Comprehensive Approach to Revealed Preference Theory∗

We develop a version of Afriat’s Theorem that is applicable to a variety of choice environments, beyond the setting of classical consumer theory. This allows us to devise tests for rationalizability in the context of choice data on lotteries, contingent consumption, and intertemporal consumption. We also establish a version of Richter’s Theorem that characterizes the strict rationalizability of...

متن کامل

How Demanding Is the Revealed Preference Approach to Demand?

A well known problem with revealed preference methods is that when data are found to satisfy their restrictions it is hard to know whether this should be viewed as a triumph for economic theory, or a warning that these conditions are so undemanding that almost anything goes. This paper allows researchers to make this distinction. Our approach builds on theoretical support in the form of an axio...

متن کامل

Fuzzy Choice Functions - A Revealed Preference Approach

As mentioned in the Introduction, it has the following goals: to develop the main topics of revealed preference theory (rationality, revealed preference, congruence, consistency) for a large class of fuzzy choice functions, to explore new topics (degree of dominance, similarity, indicators of rationality) specific to a fuzzy approach to choice functions and to show the manner in which some prob...

متن کامل

An Algebraic Approach to Symmetry

The usual algebraic construction used to study the symmetries of an object is the group of automorphisms of that object. In many geometric settings, however, one may interpret the symmetries in a more intimate manner by an algebraic structure on the object itself. Define a quandle to be a set equipped with two binary operations, (x, y) 7→ x . y and (x, y) 7→ x . y, which satisfies the axioms Q1...

متن کامل

Ranking Firms Using Revealed Preference Ranking Firms Using Revealed Preference∗

This paper estimates workers’ preferences for firms by studying the structure of employer-toemployer transitions in U.S. administrative data. The paper uses a tool from numerical linear algebra to measure the central tendency of worker flows, which is closely related to the ranking of firms revealed by workers’ choices. There is evidence for compensating differential when workers systematically...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Economic Theory

سال: 2022

ISSN: ['1432-0479', '0938-2259']

DOI: https://doi.org/10.1007/s00199-022-01421-9