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Two new proofs of Afriat’s theorem

Ana Fostel, Herbert Scarf and Michael Todd ()

Economic Theory, 2004, vol. 24, issue 1, 211-219

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
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Working Paper: Two New Proofs of Afriat's Theorem (2004) Downloads
Working Paper: Two New Proofs of Afriat's Theorem (2004) Downloads
Working Paper: Two New Proofs of Afriat's Theorem (2003) Downloads
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