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Weak axiomatic demand theory |
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| Authors: | John K-H Quah |
| Institution: | (1) Department of Economics, Oxford University, Oxford, OX1 3UL, UK |
| 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 |
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