Revealed preference and differentiable demand (Q813232)
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English | Revealed preference and differentiable demand |
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Revealed preference and differentiable demand (English)
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31 January 2006
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In the case of finitely many demand observations, the authors prove that the Strong Axiom of Revealed Preferences tests not only the existence of a strictly concave, strictly monotone and continuous utility generator, but also one that generates an infinitely often differentiable demand function. This yields smooth demand functions without requiring smooth utility functions.
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preferences
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smooth demand functions
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