Open AccessGeneral revealed preference theory
Author(s) -
Chambers Christopher P.,
Echenique Federico,
Shmaya Eran
Publication year - 2017
Publication title -
theoretical economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.404
H-Index - 32
eISSN - 1555-7561
pISSN - 1933-6837
DOI - 10.3982/te1924
Subject(s) - preference , revealed preference , mathematical economics , group (periodic table) , preference theory , nash equilibrium , game theory , general equilibrium theory , mathematics , economics , microeconomics , physics , quantum mechanics
We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories of group behavior: the theory of group preference and the theory of Nash equilibrium.