WARP decompositions

The relation between Sen's decomposition of the weak axiom of revealed preferences (WARP), and WARP directional decomposition introduced in Nosratabadi (2017) is investigated. It is argued that the latter generalizes the former. A pairwise transitive WARP decomposition consistent with Sen's property a is given. It is also argued that the notion of referential DM can not be built upon Sen's properties.

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Year of publication:	2017
Authors:	Nosratabadi, Hassan
Publisher:	New Brunswick, NJ : Rutgers University, Department of Economics
Subject:	The Weak Axiom of Revealed Preferences \| WARP Decomposition

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Series:	Working Paper ; 2017-08
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1001944089 [GVK] hdl:10419/200264 [Handle] RePEc:rut:rutres:201708 [RePEc]
Classification:	D11 - Consumer Economics: Theory ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	EconStor

Persistent link: https://www.econbiz.de/10012028601