Afriat’s theorem for indivisible goods

B-Tier
Journal: Journal of Mathematical Economics
Year: 2014
Volume: 54
Issue: C
Pages: 1-6

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah (2013), who rather minimally modify the original consumer problem with indivisible goods so that the standard GARP still applies.

Technical Details

RePEc Handle
repec:eee:mateco:v:54:y:2014:i:c:p:1-6
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25