
doi: 10.2307/3439761
In this article we consider how revealed preference inferences change when the assumptions maintained are altered. In the first two models, a demand correspondence is generated by utility maximization; the conditions on the underlying preference relation differ only with respect to the strength of the convexity assumptions. In the second two models, alternative revealed preference axioms are imposed directly on a demand correspondence. One of these axioms is Samuelson's Weak Axiom of Revealed Preference; the other is a variant of this axiom which allows for nonuniqueness in the demand correspondence. The results of our analysis clarify aspects of the existing revealed preference literature.
changing parameters, revealed preference, demand correspondence, stability, Individual preferences
changing parameters, revealed preference, demand correspondence, stability, Individual preferences
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 1 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
