A characterization of rationalizable consumer behavior

DOI10.3982/ECTA12345MaRDI QIDQ4614257zbMATH OpenOpenAlexFDO

Authors Philip J. Reny

Publication date 30 January 2019

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta12345

zbMATH Keywords

Afriat's theoremintegrabilityutility representation

Mathematics Subject Classification ID

Utility theory (91B16) Consumer behavior, demand theory (91B42)

Recommendations

• Essential data, budget sets and rationalization
• Revealed preference analysis for convex rationalizations on nonlinear budget sets
• Afriat's theorem for indivisible goods
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Cited in

(22)

• Note on symmetric utility
• Is Giffen behaviour compatible with the axioms of consumer theory?
• A note on representability of consumer's behavior
• Properties of contests: constructing contest success functions from best-responses
• A utility representation theorem for general revealed preference
• Revealed preference and identification
• Essential data, budget sets and rationalization
• Revealed smooth nontransitive preferences
• A cue-theory of consumption
• Afriat's theorem and Samuelson's `eternal darkness'
• Inverse problems of demand analysis and their applications to computation of positively-homogeneous Konüs-Divisia indices and forecasting
• Transitivity of preferences: when does it matter?
• Afriat's theorem for indivisible goods
• Extension of monotonic functions and representation of preferences
• Behavioral Anomalies in Consumer Wait-or-Buy Decisions and Their Implications for Markdown Management
• Individual preference rankings compatible with prices, income distributions and total resources
• We Are All Behavioural, More, or Less: A Taxonomy of Consumer Decision-Making
• The leveling axiom
• Revealed preference and revealed preference cycles: a survey
• The generality of the strong axiom
• A revealed preference approach to approximate utility maximisation
• To infinity and beyond: a general framework for scaling economic theories

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