Absolute and Relative Time-Consistent Revealed Preferences

We introduce an Absolute (Relative) Time-consistent Axiom of Revealed Preference which characterizes the consistency of a choice function with the property of absolute (relative) time-consistency and impatience. The axiom requires that the absolute (relative) time-consistent and impatient closure of the revealed preference relation does not conflict with the strict revealed preference relation.

MoreLess

Year of publication:	2007-10
Authors:	DEMUYNCK, T.
Institutions:	Faculteit Economie en Bedrijfskunde, Universiteit Gent
Subject:	Time-consistency \| Revealed Preference \| Choice Function

More details

Extent:	application/pdf
Series:	Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium.
Type of publication:	Book / Working Paper
Language:	English
Notes:	12 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004983099