Incomplete market demand tests for Kreps-Porteus-Selden preferences

DOI10.1016/J.JET.2019.104973MaRDI QIDQ2288533zbMATH OpenOpenAlexFDO

Authors Larry Selden, Xiao Wei, Felix Kubler

Publication date 20 January 2020

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2019.104973

zbMATH Keywords

contingent claimsexpected utilityincomplete marketsintegrabilityKreps-Porteus-Selden preferences

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16) Consumer behavior, demand theory (91B42)

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Cites work

• A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
• A Uniqueness Theorem
• Handbook of linear partial differential equations for engineers and scientists
• scientific article; zbMATH DE number 3793725 (Why is no real title available?)
• scientific article; zbMATH DE number 3436880 (Why is no real title available?)
• Is intertemporal choice theory testable?
• On Revealed Preference Analysis
• On the Diffeomorphisms of Euclidean Space
• Ordinary differential equations: basics and beyond
• Quasi-Concave Programming
• Recovering Cardinal Utility
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• The Construction of Utility Functions from Expenditure Data
• The identification of beliefs from asset demand
• The Recoverability of Consumers' Preferences from Market Demand Behavior

Cited in

(6)

• On the test of the globalization of the Japanese equity market under the Kreps-Porteus preference
• Is Krebs-Porteus utility distinguishable from intertemporal expected utility?
• Is intertemporal choice theory testable?
• Identification in general equilibrium
• Identification of smooth ambiguity
• Quasiconvex aggregate demand and fourth-order price effect: unique equilibrium

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