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Afriat's theorem for indivisible goods

dc.contributor.authorIehlé, Vincent
HAL ID: 173620
ORCID: 0000-0001-6086-6832
dc.contributor.authorForges, Françoise
dc.date.accessioned2013-10-30T18:11:41Z
dc.date.available2013-10-30T18:11:41Z
dc.date.issued2014
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11953
dc.language.isoenen
dc.subjectrevealed preferenceen
dc.subjectrationalizationen
dc.subjectindivisible goodsen
dc.subjectGARPen
dc.subjectAfriat's theoremen
dc.subject.ddc332en
dc.subject.classificationjelC81en
dc.subject.classificationjelD11en
dc.titleAfriat's theorem for indivisible goodsen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenWe identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J.: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the standard GARP still applies.en
dc.relation.isversionofjnlnameJournal of Mathematical Economics
dc.relation.isversionofjnlvol54
dc.relation.isversionofjnldate2014
dc.relation.isversionofjnlpages1-6
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/j.jmateco.2014.08.001
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00870052en
dc.relation.isversionofjnlpublisherElsevier
dc.subject.ddclabelEconomie financièreen
dc.description.submittednonen


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