WARP does not imply SARP for more than two commodities.
A study was conducted to determine whether the Weak Axiom of Revealed Preference (WARP) for consumer demand functions implies the Strong Axiom of Revealed Preference (SARP) for more than two commodities. In previous research Gale constructed an example where WARP was satisfied, but SARP was violate...
| Publicado en: | Journal of Economic Theory Vol. 62; pp. 152 - 161 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
February 1994
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |