A Stochastic Generalization of the Revealed Preference Approachto the Theory of Consumers’ Behavior

We generalize the stochastic revealed preference approach to consumers’ behavior introduced byBandyopadhyay, Dasgupta and Pattanaik (1999). We identify a restriction on stochastic demandbehavior that we term “Stochastic Substitutability” (SS)...

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Authors:	Bandyopadhyay, Taradas ; Dasgupta, Indraneel ; Pattanaik, Prasanta K.
Institutions:	University <Nottingham> / Department of Economics
Published in:	The University of Nottingham / School of Economics - discussion papers DISCUSSION PAPER ; NO. 99/29
Subject:	Nachfrageverhalten \| Stochastik \| Verbraucher \| Ersatz \| replacement \| Axiom \| Axiomatization

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Extent:	142336 bytes 16 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	D11 - Consumer Economics: Theory ; Market research ; Product policy ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

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