Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources

Publikation: Working paperForskning

Dokumenter

  • DP 09-09

    Forlagets udgivne version, 203 KB, PDF-dokument

  • Yves Balasko
  • Mich Tvede
We consider the problem of determining the individual preference rankings that are necessarily implied by a dataset consisting of prices, income distributions and total resources. We show the equivalence between the compatibility with individual preference rankings and the existence of a solution to a set of linear equalities and inequalities. Using this characterization, we give new proofs of the rationalizability of finite data sets where total resources are close to being collinear and the contractibility and pathconnectedness of the set that consists of rationalizable finite datasets.
OriginalsprogEngelsk
UdgiverDepartment of Economics, University of Copenhagen
Antal sider9
StatusUdgivet - 2009

Bibliografisk note

JEL classification: D1, D5

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