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Two New Proofs of Afriat's Theorem

We provide two new, simple proofs of Afriat's celebrated theorem stating that a finite set of price-quantity observations is consistent with utility maximization if, and only if, the observations satisfy a variation of the Strong Axiom of Revealed Preference known as the Generalized Axiom of Revealed Preference
Year of publication:
2003
Authors: Fostel, Ana ; Scarf, Herbert E. ; Todd, Michael J.
Publisher: [S.l.] : SSRN
Subject: Nutzenfunktion | Utility function | Offenbarte Präferenzen | Revealed preferences | Nutzentheorie | Utility theory
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