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Revealed preference analysis for convex rationalizations on nonlinear budget sets

Laurens Cherchye, Thomas Demuynck and Bram De Rock

Journal of Economic Theory, 2014, vol. 152, issue C, 224-236

Abstract: We present necessary and sufficient revealed preference conditions to verify whether a finite data set on nonlinear budget sets is consistent with the maximization of a quasi-concave utility function. When budget sets are finite unions of polyhedral convex sets, these conditions require feasibility of a set of linear inequalities, which makes them easy to use in practical applications.

Keywords: Quasi-concavity; Convex preferences; Nonlinear budget sets; Revealed preference conditions (search for similar items in EconPapers)
JEL-codes: C14 D11 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Revealed Preference Analysis for Convex Rationalizations on Nonlinear Budget Sets (2014) Downloads
Working Paper: Revealed Preference Analysis for Convex Rationalizations on Nonlinear Budget Sets (2012) Downloads
Working Paper: Revealed preference analysis for convex rationalizations on nonlinear budget sets (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:152:y:2014:i:c:p:224-236

DOI: 10.1016/j.jet.2014.05.002

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