Arbeitspapier
Afriat's Theorem for Indivisible Goods
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for discrete axiom of revealed preference) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J.: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the standard GARP still applies.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4498
- Klassifikation
-
Wirtschaft
Consumer Economics: Theory
Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- Thema
-
Afriat's theorem
GARP
indivisible goods
rationalization
revealed preference
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Forges, Francoise
Iehlé, Vincent
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Forges, Francoise
- Iehlé, Vincent
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2013
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