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Revealed preference theory

Author: Christopher P Chambers; Federico Echenique
Publisher: United Kingdom ; New York : Cambridge University Press, 2016.
Series: Econometric Society monographs, no. 56.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are 'revealed' through consumer choice behavior. This study of consumer demand and behavior is closely tied up with  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Christopher P Chambers; Federico Echenique
ISBN: 9781107087804 1107087805 9781107458116 1107458110
OCLC Number: 927619340
Description: xix, 218 pages ; 23 cm.
Contents: Preface; 1. Mathematical preliminaries; 2. Classical abstract choice theory; 3. Rational demand; 4. Topics in rational demand; 5. Practical issues in revealed preference analysis; 6. Production; 7. Stochastic choice; 8. Choice under uncertainty; 9. General equilibrium theory; 10. Game theory; 11. Social choice and political science; 12. Revealed preference and systems of polynomial inequalities; 13. Revealed preference and model theory.
Series Title: Econometric Society monographs, no. 56.
Responsibility: Christopher P. Chambers, Department of Economics, University of California San Diego, Federico Echenique, Division of the Humanitites and Social Science, California Institute of Technology.

Abstract:

This book examines situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.  Read more...

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'The book is an extremely important contribution to the literature, and unlike most other texts which summarize the research in areas of mathematical economics, there is a serious effort to make the Read more...

 
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