WARP does not imply SARP for more than twoo commodities
| Authors |
|
| Publication date |
1994
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| Journal |
Journal of Economic Theory
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| Volume | Issue number |
62 | 1
|
| Pages (from-to) |
152-160
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| 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.
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| Document type |
Article
|
| Language |
English
|
| Published at |
https://doi.org/10.1006/jeth.1994.1008
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