REVELEAD PREFERENCE THEORY.

The article examines two problems in the foundations of choice of consumers. It explores whether a given demand function could be induced by a utility function and whether it could be induced by a preference relation. Consumer types are defined to provide rigorous statements of the problems. The art...

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Publicado en:Econometrica Vol. 34; no. 3; pp. 635 - 646
Autor principal: Richter, Marcel K.
Formato: Artículo
Publicado: Wiley-Blackwell Jul66
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: REVELEAD PREFERENCE THEORY.
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        au: Richter, Marcel K.
      su:
        Consumers
        Choice (Psychology)
        Economic demand
        Mathematical functions
        Utility functions
        Axioms
        Econometrics
        Mathematical economics
        Economic models
        Mathematical models
      sug:
        subj:
          Consumers
          Choice (Psychology)
          Economic demand
          Mathematical functions
          Utility functions
          Axioms
          Econometrics
          Mathematical economics
          Economic models
          Mathematical models
      ab: The article examines two problems in the foundations of choice of consumers. It explores whether a given demand function could be induced by a utility function and whether it could be induced by a preference relation. Consumer types are defined to provide rigorous statements of the problems. The article defines representable consumers, rational consumers, and congruous consumers. It also explains how the proposed Congruence Axiom correspond to the Weak Axiom of Samuelson and the Strong Axiom of Houthakker. It is observed that the revealed preference notions employed in the other axioms have meaning only in that limited context.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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          year: 1966
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