What kind of preference maximization does the weak axiom of revealed preference characterize?

Marco Mariotti

doi:10.1007/s00199-007-0240-9

What kind of preference maximization does the weak axiom of revealed preference characterize?

Marco Mariotti

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

A (multivalued) choice is justified if no two chosen alternatives are preferred to each other, and if all chosen alternatives are preferred to all rejected alternatives. This concept permits a connection between the behavioral property expressed by WARP and a weak form of preference maximization.

Original language	English
Pages (from-to)	403-406
Number of pages	4
Journal	Economic Theory
Volume	35
Issue number	2
DOIs	https://doi.org/10.1007/s00199-007-0240-9
Publication status	Published - May 2008

Keywords

weak axiom of revealed preference
congruence

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10.1007/s00199-007-0240-9

Cite this

@article{e0bc1efd74dc4ad1b4161bcab65aef90,

title = "What kind of preference maximization does the weak axiom of revealed preference characterize?",

abstract = "A (multivalued) choice is justified if no two chosen alternatives are preferred to each other, and if all chosen alternatives are preferred to all rejected alternatives. This concept permits a connection between the behavioral property expressed by WARP and a weak form of preference maximization.",

keywords = "weak axiom of revealed preference, congruence",

author = "Marco Mariotti",

year = "2008",

month = may,

doi = "10.1007/s00199-007-0240-9",

language = "English",

volume = "35",

pages = "403--406",

journal = "Economic Theory",

issn = "0938-2259",