Continuous Choice Functions and the Strong Axiom of Revealed Preference.

B-Tier
Journal: Economic Theory
Year: 1993
Volume: 3
Issue: 2
Pages: 379-85

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

In this note, it is shown that a result due to Uzawa showing that the weak axiom of revealed preference together with a regularity condition implies the strong axiom of revealed preference can be derived from the regularity condition alone, if the choice function is continuous in prices and in income. The observation that the weak axiom of revealed preference is not needed suggests that this regularity condition is remarkably strong. The main result of the paper is quite general in the sense that the only additional assumption on the choice function is that the whole budget be spent.

Technical Details

RePEc Handle
repec:spr:joecth:v:3:y:1993:i:2:p:379-85
Journal Field
Theory
Author Count
1
Added to Database
2026-01-24