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Absolute and relative time-consistent revealed preferences

Authors :
Thomas Demuynck
Source :
Theory and decision, 66
Publication Year :
2009

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.

Details

Language :
English
Database :
OpenAIRE
Journal :
Theory and decision, 66
Accession number :
edsair.doi.dedup.....8b18578360cb37636e1c9e3c02f42e22