A Discrete Characterization of Slutsky Symmetry.

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 8
Issue: 2
Pages: 229-37

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

A smooth demand function is generated by utility maximization if and only if its Slutsky matrix is symmetric and negative semidefinite. Slutsky symmetry is equivalent to absence of smooth revealed preference cycles, of Hurwicz and Richter (1979). To observe such a cycle would require a continuum of data. We characterize Slutsky symmetry by means of discrete antisymmetric revealed preference cycles consisting of either three or four observations.

Technical Details

RePEc Handle
repec:spr:joecth:v:8:y:1996:i:2:p:229-37
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25