Stochastic revealed preference and the theory of demand
成果类型：
Article
署名作者：
Bandyopadhyay, T; Dasgupta, I; Pattanaik, PK
署名单位：
University of California System; University of California Riverside; Deakin University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1998.2499
发表日期：
1999
页码：
95-110
关键词：
摘要：
This paper extends the deterministic revealed preference theory of consumers' behavior to permit stochastic choices. In this extended framework, we introduce a restriction on stochastic choices that constitutes a stochastic counterpart of the weak axiom of revealed preference. This restriction allows us to derive stochastic versions of nonpositivity of the own substitution effect and the demand theorem. Journal of Economic Literature, Classification Number Number: D11. (C) 1999 Academic Press.