Absolute and Relative Time-Consistent Revealed Preferences

Thomas Demuynck

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: We introduce an Absolute (Relative) Time-consistent Axiom of Revealed Preference which characterizes the consistency of a choice function with the property of absolute (relative) time-consistency and impatience. The axiom requires that the absolute (relative) time-consistent and impatient closure of the revealed preference relation does not conflict with the strict revealed preference relation.

Keywords: Time-consistency; Revealed Preference, Choice Function. (search for similar items in EconPapers)
Pages: 12 pages
Date: 2007-10
New Economics Papers: this item is included in nep-dcm and nep-upt
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http://wps-feb.ugent.be/Papers/wp_07_485.pdf (application/pdf)

Related works:
Journal Article: Absolute and Relative Time-Consistent Revealed Preferences (2009)
Working Paper: Absolute and relative time-consistent revealed preferences (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:07/485

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