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Revealed Preference and Independence of Irrelevant Alternatives: A Note

Somdeb Lahiri

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: Our objective here is to establish an equivalence between the IIA axiom which plays a significant role in axiomatic models of bargaining, and a generalization of WARP which plays a significant role in demand analysis.

Date: 1991-01-01
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