Revealed Preference Analysis for Convex Rationalizations on Nonlinear Budget Sets

Laurens Cherchye, Thomas Demuynck and Bram De Rock

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: We present necessary and sufficient revealed preference conditions to verify whether a finite data seton nonlinear budget sets is consistent with the maximization of a quasi–concave utility function. Ourresults can be used to test for convexity of the underlying preference relation. We also show that in manysettings, our conditions are 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)
Pages: 20 p.
Date: 2012-11
New Economics Papers: this item is included in nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Revealed preference analysis for convex rationalizations on nonlinear budget sets (2014)
Working Paper: Revealed Preference Analysis for Convex Rationalizations on Nonlinear Budget Sets (2014)
Working Paper: Revealed preference analysis for convex rationalizations on nonlinear budget sets (2012)
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