1994-02-01
WARP Does Not Imply SARP for More Than Two Commodities
Publication
Publication
Journal of Economic Theory , Volume 62 - Issue 1 p. 152- 160
The only examples available in the literature to show that the Weak Axiom of Revealed Preference does not imply the Strong Axiom of Revealed Preference, the examples of Gale and Shafer, apply only to the case of three commodities. This paper constructs examples for four or more commodities.
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doi.org/10.1006/jeth.1994.1008, hdl.handle.net/1765/23129 | |
Journal of Economic Theory | |
Organisation | Erasmus School of Economics |
Peters, H. (1994). WARP Does Not Imply SARP for More Than Two Commodities. Journal of Economic Theory, 62(1), 152–160. doi:10.1006/jeth.1994.1008 |