A simple cycle preserving extension of a demand function.

A commentary on the recent work of H. Peters and P. Wakker who extended classical examples in revealed preference theory by D. Gale (1960) and W. Shafer (1977) to the case of more than three commodities. The writers argue that there is a much simpler proof of the results, and they define a cycle pr...

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Detalles Bibliográficos
Publicado en:Journal of Economic Theory Vol. 72; pp. 442 - 446
Autor principal: John, Reinhard
Formato: Artículo
Publicado: Academic Press Inc. February 1997
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        Consumer preferences
        Mathematical models
        Economic demand
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          Consumer preferences
          Mathematical models
          Economic demand
      ab: A commentary on the recent work of H. Peters and P. Wakker who extended classical examples in revealed preference theory by D. Gale (1960) and W. Shafer (1977) to the case of more than three commodities. The writers argue that there is a much simpler proof of the results, and they define a cycle preserving extension of a demand function to new commodities that is a variant of the trivial one of Peters and Wakker.
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