Revealed preferences: A topological approach
The purpose of this paper is to study the relationship between the axiomatic foundations of revealed preference theory and the continuity properties of choice. The main result of this paper shows that the continuity of a set-to-point choice function is equivalent to the weak axiom of revealed preference and openness of the strict revealed relation, provided that the collection of budget sets is endowed with a topology used widely by economists.
References listed on IDEAS
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.:
- Clark, Stephen A, 1985. "A Complementary Approach to the Strong and Weak Axioms of Revealed Preference," Econometrica, Econometric Society, vol. 53(6), pages 1459-63, November.
- Kotaro Suzumura, 1976. "Rational Choice and Revealed Preference," Review of Economic Studies, Oxford University Press, vol. 43(1), pages 149-158.
When requesting a correction, please mention this item's handle: RePEc:eee:mateco:v:46:y:2010:i:3:p:320-325. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If references are entirely missing, you can add them using this form.