Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349419 | Economics Letters | 2018 | 8 Pages |
Abstract
This note studies necessary and sufficient conditions for consumer demand data to be generated by a symmetric utility function. We find that a dataset of prices and consumption decisions can be rationalized by a symmetric utility function if and only if the symmetrized dataset satisfies the generalized axiom of revealed preference.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christopher P. Chambers, John Rehbeck,