Revealed preference with a subset of goods (Q1106061)
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scientific article; zbMATH DE number 4060930
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Revealed preference with a subset of goods |
scientific article; zbMATH DE number 4060930 |
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Revealed preference with a subset of goods (English)
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1988
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Suppose that you observe n choices of k goods and prices when the consumer is actually choosing from a set of \(k+1\) goods. Then revealed preference theory puts essentially no restrictions on the behavior of the data. This is true even if you also observe the quantity demanded of good \(k+1\), or its price. The proofs of these statements are not difficult.
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demand analysis
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revealed preference
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