A Comprehensive Approach to Revealed Preference Theory

S-Tier
Journal: American Economic Review
Year: 2017
Volume: 107
Issue: 4
Pages: 1239-63

Authors (3)

Hiroki Nishimura (not in RePEc) Efe A. Ok (not in RePEc) John K.-H. Quah (National University of Singapo...)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We develop a version of Afriat's theorem that is applicable in a variety of choice environments beyond the setting of classical consumer theory. This allows us to devise tests for rationalizability in environments where the set of alternatives is not the positive orthant of a Euclidean space and where the rationalizing utility function is required to satisfy properties appropriate to that environment. We show that our results are applicable, amongst others, to choice data on lotteries, contingent consumption, and intertemporal consumption.

Technical Details

RePEc Handle
repec:aea:aecrev:v:107:y:2017:i:4:p:1239-63
Journal Field
General
Author Count
3
Added to Database
2026-01-29