Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources
AbstractWe consider the problem of determining the individual preference rankings that are necessarily implied by a dataset consisting of prices, income distributions and total resources. We show the equivalence between the compatibility with individual preference rankings and the existence of a solution to a set of linear equalities and inequalities. Using this characterization, we give new proofs of the rationalizability of finite data sets where total resources are close to being collinear and the contractibility and pathconnectedness of the set that consists of rationalizable finite datasets.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 09-09.
Length: 9 pages
Date of creation: Apr 2009
Date of revision:
Contact details of provider:
Postal: Øster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark
Phone: (+45) 35 32 30 10
Fax: +45 35 32 30 00
Web page: http://www.econ.ku.dk
More information through EDIRC
equilibrium manifold; rationalizability; testability; pathconnectedness;
Other versions of this item:
- Yves Balasko & Mich Tvede, 2010. "Individual preference rankings compatible with prices, income distributions and total resources," Economic Theory, Springer, vol. 45(3), pages 497-513, December.
- D1 - Microeconomics - - Household Behavior
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-02 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yves Balasko & Mich Tvede, 2003. "Individual preferences compatible with a finite number of equilibrium data: A linear programming characterization," Levine's Bibliography 666156000000000291, UCLA Department of Economics.
- P.A. Chiappori & I. Ekeland & F. Kubler & H.M. Polemarchakis, 2002.
"Testable Implications of General Equilibrium Theory: a differentiable approach,"
2002-10, Brown University, Department of Economics.
- Chiappori, P. -A. & Ekeland, I. & Kubler, F. & Polemarchakis, H. M., 2004. "Testable implications of general equilibrium theory: a differentiable approach," Journal of Mathematical Economics, Elsevier, vol. 40(1-2), pages 105-119, February.
- Brown, Donald J & Matzkin, Rosa L, 1996.
"Testable Restrictions on the Equilibrium Manifold,"
Econometric Society, vol. 64(6), pages 1249-62, November.
- Yves Balasko, 2004. "The equilibrium manifold keeps the memory of individual demand functions," Economic Theory, Springer, vol. 24(3), pages 493-501, October.
- Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-73, July.
- Balasko, Yves & Tvede, Mich, 2009.
"The geometry of finite equilibrium datasets,"
Journal of Mathematical Economics,
Elsevier, vol. 45(5-6), pages 391-396, May.
- Felix Kubler & Karl Schmedders, 2007.
"Non-parametric counterfactual analysis in dynamic general equilibrium,"
PIER Working Paper Archive
07-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Felix Kubler & Karl Schmedders, 2010. "Non-parametric counterfactual analysis in dynamic general equilibrium," Economic Theory, Springer, vol. 45(1), pages 181-200, October.
- Felix KUBLER & Karl SCHMEDDERS, . "Non-parametric counterfactual analysis in dynamic general equilibrium," Swiss Finance Institute Research Paper Series 09-05, Swiss Finance Institute.
- Andrés Carvajal, 2010. "The testable implications of competitive equilibrium in economies with externalities," Economic Theory, Springer, vol. 45(1), pages 349-378, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Fischer).
If references are entirely missing, you can add them using this form.