Economic Theory

, Volume 29, Issue 3, pp 677–699

Weak axiomatic demand theory

Research Article

DOI: 10.1007/s00199-005-0017-y

Cite this article as:
Quah, J.K. Economic Theory (2006) 29: 677. doi:10.1007/s00199-005-0017-y
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Abstract

This paper identifies a class of complete but not necessarily transitive preferences which generate demand functions that obey the weak axiom of revealed preference and within which any function obeying the weak axiom can be rationalized.

Keywords

Weak axiom of revealed preferenceViolations of transitivityRationalizabilityDemand

JEL Classification Numbers

C61D11D50

Copyright information

© Springer 2005

Authors and Affiliations

  1. 1.Department of Economics, Oxford UniversityOxfordUK