Two new proofs of Afriat’s theorem
We provide two new, simple proofs of Afriat’s celebrated theorem stating that a finite set of price-quantity observations is consistent with utility maximization if, and only if, the observations satisfy a variation of the Strong Axiom of Revealed Preference known as the Generalized Axiom of Revealed Preference Copyright Springer-Verlag Berlin/Heidelberg 2004
Volume (Year): 24 (2004)
Issue (Month): 1 (July)
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