Revealed preference and identification

Leandro Gorno

Journal of Economic Theory, 2019, vol. 183, issue C, 698-739

Abstract: This paper studies preference identification in a general framework that allows for partial observability of optimal choices: Decision makers select some optimal alternatives, but not necessarily all of them. While partial observability is a methodologically appealing assumption for empirical applications, it makes recovering preferences much harder. The main result provides abstract conditions on classes of preferences and decision problems ensuring identification. The result is applied to several standard settings demonstrating the power of the method.

Keywords: Revealed preference; Identification; Recoverability; Indifference; Continuity; Uniqueness (search for similar items in EconPapers)
JEL-codes: C02 D11 D81 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:183:y:2019:i:c:p:698-739

DOI: 10.1016/j.jet.2019.07.003

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