Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources
Publikation: Working paper › Forskning
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Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources. / Balasko, Yves; Tvede, Mich.
Department of Economics, University of Copenhagen, 2009.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources
AU - Balasko, Yves
AU - Tvede, Mich
N1 - JEL classification: D1, D5
PY - 2009
Y1 - 2009
N2 - 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.
AB - 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.
KW - Faculty of Social Sciences
KW - equilibrium manifold
KW - pathconnectedness
KW - testability
KW - rationalizability
M3 - Working paper
BT - Individual Preference Rankings Compatible with Prices, Income Distributions and Total Resources
PB - Department of Economics, University of Copenhagen
ER -
ID: 11962663