Revealed Preference Under Rationing

Somdeb Lahiri

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

Abstract: In this paper we extend the weak and strong axioms of revealed preference to markets with rationing and establish that if the observed demand behaviour in such markets satisfy the strong axiom of revealed preference, then it is representable by a utility function.

Date: 1993-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01187

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