Arbeitspapier
Slutsky matrix symmetry: A new behavioral condition
The Slutsky matrix function encodes all the information about local variations in demand with respect to small (Slutsky) compensated price changes. When the demand function is the result of utility maximization the Slutsky matrix is symmetric. However, symmetry does not imply rationality. Here, we provide a necessary and sufficient condition for Slutsky symmetry. The new condition requires symmetric attention to compensated price-paths.
- Language
-
Englisch
- Bibliographic citation
-
Series: Research Report ; No. 2022-8
- Classification
-
Wirtschaft
Econometric Modeling: General
Model Construction and Estimation
Model Evaluation, Validation, and Selection
Design of Experiments: Laboratory, Individual
- Subject
-
utility maximization
Slutsky matrix
- Event
-
Geistige Schöpfung
- (who)
-
Aguiar, Victor H.
Serrano, Roberto
- Event
-
Veröffentlichung
- (who)
-
The University of Western Ontario, Department of Economics
- (where)
-
London (Ontario)
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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
- Aguiar, Victor H.
- Serrano, Roberto
- The University of Western Ontario, Department of Economics
Time of origin
- 2022
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