WARP does not imply SARP for more than twoo commodities

Authors
  • H. Peters
  • P. Wakker
Publication date 1994
Journal Journal of Economic Theory
Volume | Issue number 62 | 1
Pages (from-to) 152-160
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract The only examples available in literature to show that the Weak Axiom of Revealed Preference does not imply the Strong Axiom of Revealed Preference, the examples of Gale and Shafer, apply only to the case of three commodities. This paper constructs examples for four or more commodities.
Document type Article
Language English
Published at
https://doi.org/10.1006/jeth.1994.1008 (Final published version)
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