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.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 4498
- Classification
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Wirtschaft
Consumer Economics: Theory
Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- Subject
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Afriat's theorem
GARP
indivisible goods
rationalization
revealed preference
- Event
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Geistige Schöpfung
- (who)
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Forges, Francoise
Iehlé, Vincent
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2013
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Forges, Francoise
- Iehlé, Vincent
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2013
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