Economic Theory

, Volume 29, Issue 3, pp 677–699 | Cite as

Weak axiomatic demand theory

Research Article

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 preference Violations of transitivity Rationalizability Demand 

JEL Classification Numbers

C61 D11 D50 

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Copyright information

© Springer 2005

Authors and Affiliations

  1. 1.Department of Economics, Oxford UniversityOxfordUK

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