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文章基本信息

  • 标题:On Revealed Preference and Indivisibilities
  • 作者:Satoru Fujishige ; Zaifu Yang
  • 期刊名称:Discussion Papers in Economics / Department of Economics, University of York
  • 出版年度:2012
  • 卷号:2012
  • 出版社:University of York
  • 摘要:We consider a market model in which all commodities are inherently indivisible and thus are traded in integer quantities. We ask whether a finite set of price-quantity observations satisfying the Generalized Axiom of Revealed Preference (GARP) is consistent with utility maximization. Although familiar conditions such as non-satiation become meaningless in the current discrete model, by refining the standard notion of demand set we show that Afriat's celebrated theorem still holds true. Exploring network structure and a new and easy-to-use variant of GARP, we propose an elementary, simple, intuitive, combinatorial, and constructive proof for the result.
  • 关键词:Afriat's theorem; GARP; indivisibilities; revealed preference.
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