The housing problem and revealed preference theory: duality and an application

B-Tier
Journal: Economic Theory
Year: 2013
Volume: 54
Issue: 3
Pages: 425-441

Authors (2)

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

This paper exhibits a duality between the theory of revealed preference of Afriat and the housing allocation problem of Shapley and Scarf. In particular, it is shown that Afriat’s theorem can be interpreted as a second welfare theorem in the housing problem. Using this duality, the revealed preference problem is connected to an optimal assignment problem, and a geometrical characterization of the rationalizability of experiment data is given. This allows in turn to give new indices of rationalizability of the data and to define weaker notions of rationalizability, in the spirit of Afriat’s efficiency index. Copyright Springer-Verlag 2013

Technical Details

RePEc Handle
repec:spr:joecth:v:54:y:2013:i:3:p:425-441
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25