Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7359861 | Journal of Economic Theory | 2014 | 13 Pages |
Abstract
We present necessary and sufficient revealed preference conditions to verify whether a finite data set on nonlinear budget sets is consistent with the maximization of a quasi-concave utility function. When budget sets are finite unions of polyhedral convex sets, these conditions require feasibility of a set of linear inequalities, which makes them easy to use in practical applications.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Laurens Cherchye, Thomas Demuynck, Bram De Rock,