Two new proofs of Afriat’s theorem

Ana Fostel, Herbert Scarf and Michael Todd

Economic Theory, 2004, vol. 24, issue 1, 219 pages

Abstract: We provide two new, simple proofs of Afriat’s celebrated theorem stating that a finite set of price-quantity observations is consistent with utility maximization if, and only if, the observations satisfy a variation of the Strong Axiom of Revealed Preference known as the Generalized Axiom of Revealed Preference Copyright Springer-Verlag Berlin/Heidelberg 2004

Keywords: Afriat’s theorem; SARP; GARP. (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (58)

Downloads: (external link)
http://hdl.handle.net/10.1007/s00199-003-0438-4 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Two New Proofs of Afriat's Theorem (2004)
Working Paper: Two New Proofs of Afriat's Theorem (2004)
Working Paper: Two New Proofs of Afriat's Theorem (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:24:y:2004:i:1:p:211-219

Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/199/PS2

DOI: 10.1007/s00199-003-0438-4

Access Statistics for this article

Economic Theory is currently edited by Nichoals Yanneils

More articles in Economic Theory from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().