Jean‐Paul Chavas, Thomas L. Cox
Abstract
This paper considers the revealed preference implications of a fairly general optimization hypothesis under any finite number of constraints. It extends Afriat's seminal nonparametric analysis. The usefulness of the results are illustrated in two examples.
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This paper considers the revealed preference implications of a fairly general optimization hypothesis under any finite number of constraints. It extends Afriat's seminal nonparametric analysis. The usefulness of the results are illustrated in two examples.
Key concepts: Preference, Library science, Revealed preference, Sociology, Regional science, Economics, Computer science, Econometrics