Revealed preferences: A topological approach

Gyula Magyarkuti ()

Journal of Mathematical Economics, 2010, vol. 46, issue 3, 320-325

Abstract: The purpose of this paper is to study the relationship between the axiomatic foundations of revealed preference theory and the continuity properties of choice. The main result of this paper shows that the continuity of a set-to-point choice function is equivalent to the weak axiom of revealed preference and openness of the strict revealed relation, provided that the collection of budget sets is endowed with a topology used widely by economists.

Keywords: Revealed; preference; axioms; Rational; behavior; Hypertopologies; Continuity; of; demand (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:3:p:320-325

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