Revealed preference and differentiable demand

DOI10.1007/S00199-004-0479-3MaRDI QIDQ813232zbMATH OpenOpenAlexFDO

Authors Peter M. Lee, Kam-Chau Wong

Publication date 31 January 2006

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-004-0479-3

zbMATH Keywords

preferencessmooth demand functions

Mathematics Subject Classification ID

Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02) Individual preferences (91B08)

Review text

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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Cited in

(19)

• Revealed preference and demand correspondences
• On the demand generated by a smooth and concavifiable preference ordering
• Construction of continuous demand functions by the methods of economic index theory
• When is individual demand concavifiable?
• Nice demand and concavifiable smooth preferences: Determinateness of a utility function
• On the differentiability of the consumer demand function
• Continuous utility functions for noninferior demand functions
• Measuring utility from demand
• Recoverability revisited
• Smooth indifference sets
• The relationship between revealed preference and the Slutsky matrix
• Revealed Preferences and Differentiable Demand
• Demand for Differentiated Products, Discrete Choice Models, and the Characteristics Approach
• Revealed preference theory
• Integrability of pseudomonotone differentiable maps and the revealed preference problem
• Revealed preference and revealed preference cycles: a survey
• Non-smooth integrability theory
• The generality of the strong axiom
• Testable implications of Pareto efficiency and individualrationality

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