REVEALED PREFERENCE--A PROOF OF HOUTHAKKER'S THEOREM.
The article provides a proof of one version of Houthakker's classic theorem on revealed preference theory. The theorem asserts that if a consumer's demand functions satisfy the Strong Axiom of Revealed Preference and certain continuity conditions. It demonstrates two sequences of offer curves which...
| Publicado en: | Econometrica Vol. 41; no. 3; pp. 411 - 424 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May73
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=6857418&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 6857418 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00129682 ECN jtl: Econometrica issn: 00129682 maglogo: Y pubinfo: dt: May73 vid: 41 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 6857418 10.2307/1913368 ppf: 411 ppct: 13 formats: tig: atl: REVEALED PREFERENCE--A PROOF OF HOUTHAKKER'S THEOREM. aug: au: Stigum, Bernt P. affil: Northwestern University su: Consumer preferences Supply & demand Economic demand Demand function Elasticity (Economics) Equations Commercial products Budget Mathematical models of economics Utility functions sug: subj: Consumer preferences Supply & demand Economic demand Demand function Elasticity (Economics) Equations Commercial products Budget Mathematical models of economics Utility functions ab: The article provides a proof of one version of Houthakker's classic theorem on revealed preference theory. The theorem asserts that if a consumer's demand functions satisfy the Strong Axiom of Revealed Preference and certain continuity conditions. It demonstrates two sequences of offer curves which possess subsequences which converge to a function that satisfies the right differential equation. The preference theory is demonstrated by the selection of available commodity vectors as if he were maximizing a continuous, strictly quasi-concave utility function subject to a budget constraint. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1973 holdings: @attributes: islocal: N |
|---|