The demand functions that satisfy the weak axiom of revealed preference and generalized monotonicity

被引：2
|
作者：
Zhu, DL [1 ]
机构：
[1] Fudan Univ, Sch Management, Shanghai, Peoples R China
[2] Univ Montreal, CRT, Montreal, PQ, Canada
来源：
ECONOMICS LETTERS | 2001年 / 70卷 / 03期
关键词：
individual demand function; weak axiom of revealed preference; excess demand function; Wald's Axiom; generalized monotonicity;
D O I：
10.1016/S0165-1765(00)00379-7
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We prove that the individual demand function satisfying the Weak Axiom of Revealed Preference and the excess demand function satisfying the Wald's Axiom are pseudomonotone*(+), a new class of generalized monotonicity. With this new concept, we refine the characterization of Zhou for the individual demand function. In particular, a full characterization for the excess demand functions satisfying the Wald's Axiom is derived. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：369 / 374
页数：6
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