Revealed cardinal preference
| العنوان: | Revealed cardinal preference |
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| المؤلفون: | József Sákovics |
| المصدر: | Sakovics, J 2013, ' Revealed cardinal preference ' Economic Theory Bulletin, vol. 1, no. 1, pp. 39-45 . DOI: 10.1007/s40505-013-0006-4 |
| بيانات النشر: | Springer Science and Business Media LLC, 2013. |
| سنة النشر: | 2013 |
| مصطلحات موضوعية: | HB Economic Theory, Computer Science::Computer Science and Game Theory, Short run, Constructive proof, Lambda, Cardinal utility, Rational choice, Consumer behavior, TheoryofComputation_MATHEMATICALLOGICANDFORMALLANGUAGES, TheoryofComputation_LOGICSANDMEANINGSOFPROGRAMS, Revealed preference, Economics, D12, Partial equilibrium, Marginal utility, Mathematical economics, Axiom, D11 |
| الوصف: | I prove that as long as we allow the marginal utility for money (\(\lambda \)) to vary between purchases (similarly to the budget), then the quasi-linear and the ordinal budget-constrained models rationalize the same data on consumer purchases. However, in the short run, \(\lambda \) is approximately constant. I provide a simple constructive proof for the necessary and sufficient condition for the constant \(\lambda \) rationalization, which I argue should replace the Generalized Axiom of Revealed Preference in empirical studies of consumer behavior. |
| وصف الملف: | application/pdf |
| تدمد: | 2196-1093 2196-1085 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::69478c24c6ad9fd8b87e0cdbaa1afa5aTest https://doi.org/10.1007/s40505-013-0006-4Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....69478c24c6ad9fd8b87e0cdbaa1afa5a |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 21961093 21961085 |
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