General revealed preference theory

Christopher P. Chambers; Federico Echenique; Eran Shmaya

doi:10.3982/TE1924

General revealed preference theory

Christopher P. Chambers, Federico Echenique, Eran Shmaya

Research output: Contribution to journal › Article › peer-review

11 Scopus citations

Abstract

We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories of group behavior: the theory of group preference and the theory of Nash equilibrium.

Original language	English (US)
Pages (from-to)	493-511
Number of pages	19
Journal	Theoretical Economics
Volume	12
Issue number	2
DOIs	https://doi.org/10.3982/TE1924
State	Published - May 2017

Keywords

Revealed-preference theory

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)

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10.3982/TE1924

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title = "General revealed preference theory",

abstract = "We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories of group behavior: the theory of group preference and the theory of Nash equilibrium.",

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AU - Shmaya, Eran

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AB - We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories of group behavior: the theory of group preference and the theory of Nash equilibrium.

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SP - 493

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JO - Theoretical Economics

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General revealed preference theory

Abstract

Keywords

ASJC Scopus subject areas

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