The Weak Axiom of Revealed Preference in a Productive Economy

S-Tier
Journal: Review of Economic Studies
Year: 1989
Volume: 56
Issue: 4
Pages: 635-639

Authors (2)

B. Grodal W. Hildenbrand (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

We consider an economy with pure factors of production, private ownership of endowments and constant returns to scale in production. Typically in such an economy, the weak axiom of revealed preference for market demand does not hold. The main reason for this is that the income distribution in such a private ownership economy depends too sensitively on the price system.

Technical Details

RePEc Handle
repec:oup:restud:v:56:y:1989:i:4:p:635-639.
Journal Field
General
Author Count
2
Added to Database
2026-01-25