Individual preference rankings compatible with prices, income distributions and total resources
We 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.
(This abstract was borrowed from another version of this item.)
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 45 (2010)
Issue (Month): 3 (December)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/199/PS2|
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.:
- 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.
- P.A. Chiappori & I. Ekeland & F. Kubler & H.M. Polemarchakis, 2002. "Testable Implications of General Equilibrium Theory: a differentiable approach," Working Papers 2002-10, Brown University, Department of Economics.
- Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-973, July.
- Yves Balasko, 2004. "The equilibrium manifold keeps the memory of individual demand functions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(3), pages 493-501, October.
- Balasko, Yves & Tvede, Mich, 2009.
"The geometry of finite equilibrium datasets,"
Journal of Mathematical Economics,
Elsevier, vol. 45(5-6), pages 391-396, May.
- Brown, Donald J & Matzkin, Rosa L, 1996.
"Testable Restrictions on the Equilibrium Manifold,"
Econometric Society, vol. 64(6), pages 1249-1262, November.
- 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.
- Chiappori, Pierre-Andre & Rochet, Jean-Charles, 1987. "Revealed Preferences and Differentiable Demand: Notes and Comments," Econometrica, Econometric Society, vol. 55(3), pages 687-691, May.
When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:45:y:2010:i:3:p:497-513. 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: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.