|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62008
|
| | |
| Title: | | On the Necessity of Pairs and Triplets for the Equivalence between Rationality Axioms  |
| Authors: | | He, Junnan |
| Issue Date: | | 2012 |
| Citation: | | [Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 6 [Issue:] 2012-31 [Pages:] 1-15 |
| Series/Report no.: | | Economics 2012-31 |
| Abstract: | | This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in the literature rest upon the ability to choose over budget sets that contain only 2 or 3 elements. This paper shows that for any given choice function, many of the famous consistency requirements, such as those proposed by Arrow, Sen, Samuelson etc., are equivalent if every bundle of goods is chosen from some budget sets, and the domain of the choice function satisfies some set of theoretical properties. |
| Subjects: | | revealed preference theory rationality preference choice functions |
| JEL: | | D01 D11 |
| Persistent Identifier of the first edition: | | doi:10.5018/economics-ejournal.ja.2012-31 |
| Creative Commons License: | |  |
| Document Type: | | Article |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/62008
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|