A Comment on Revealed Preference with a Subset of Goods

Arbeitspapier

Varian (1988) introduced an important proposition regarding restrictions on consumption data if observations of the quantities of a good are missing. In this paper, a simple counterexample is presented to show that the original proof is incorrect, and a new proof is provided. The new proof is not based on choosing the missing quantities such that some bundles are revealed preferred to others, but rather on choosing the unknown quantities such that bundles are not revealed preferred to any bundle with a higher index.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 16-068/I

Classification and Topics

• Classification: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Consumer Economics: Theory
• Subject: Nonparametric analysis ; revealed preference ; missing observations ; GARP

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): van Bruggen, Paul
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/149472
• Last update: 10.03.2025, 11:42 AM CET