Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources

Yves Balasko and Mich Tvede

No 09-09, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: We consider the problem of determining the individual preference rankings that are necessarily implied by a dataset consisting of prices, income distributions and total resources. We show the equivalence between the compatibility with individual preference rankings and the existence of a solution to a set of linear equalities and inequalities. Using this characterization, we give new proofs of the rationalizability of finite data sets where total resources are close to being collinear and the contractibility and pathconnectedness of the set that consists of rationalizable finite datasets.

Keywords: equilibrium manifold; rationalizability; testability; pathconnectedness (search for similar items in EconPapers)
JEL-codes: D1 D5 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2009-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Individual preference rankings compatible with prices, income distributions and total resources (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0909

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