An observation on gross substitutability and the weak axiom of revealed preference

T. Kehoe, A. Mas-Colell

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

It is shown that if there are three commodities or less, an excess demand function that fulfills the property of Gross Substitutability satisfies also the Weak Axiom of Revealed Preference.

Original languageEnglish (US)
Pages (from-to)241-243
Number of pages3
JournalEconomics Letters
Volume15
Issue number3-4
DOIs
StatePublished - 1984

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