Abstract
We propose and develop an algebraic approach to revealed preference. Our approach dispenses with non-algebraic structure, such as topological assumptions. We provide algebraic axioms of revealed preference that subsume previous classical revealed preference axioms and show that a data set is rationalizable if and only if it is consistent with an algebraic axiom.
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Freer, M., Martinelli, C. An algebraic approach to revealed preference. Econ Theory 75, 717–742 (2023). https://doi.org/10.1007/s00199-022-01421-9
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DOI: https://doi.org/10.1007/s00199-022-01421-9