Note on symmetric utility

Christopher Chambers and John Rehbeck

Economics Letters, 2018, vol. 162, issue C, 27-29

Abstract: This note studies necessary and sufficient conditions for consumer demand data to be generated by a symmetric utility function. We find that a dataset of prices and consumption decisions can be rationalized by a symmetric utility function if and only if the symmetrized dataset satisfies the generalized axiom of revealed preference.

Keywords: Symmetric utility; Revealed preference; Demand (search for similar items in EconPapers)
JEL-codes: D01 D11 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:162:y:2018:i:c:p:27-29

DOI: 10.1016/j.econlet.2017.10.012

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