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

T. Kehoe; A. Mas-Colell

doi:10.1016/0165-1765(84)90107-1

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

T. Kehoe, A. Mas-Colell

Economics (Twin Cities)

Research output: Contribution to journal › Article › peer-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 language	English (US)
Pages (from-to)	241-243
Number of pages	3
Journal	Economics Letters
Volume	15
Issue number	3-4
DOIs	https://doi.org/10.1016/0165-1765(84)90107-1
State	Published - 1984

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title = "An observation on gross substitutability and the weak axiom of revealed preference",

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.",

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

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