Revealed preference and differentiable demand

被引:0
作者
Peter M. H. Lee
Kam-Chau Wong
机构
[1] Chinese University of Hong Kong,Department of Economics
来源
Economic Theory | 2005年 / 25卷
关键词
Nonparametric analysis; Revealed preference; Smooth demand.;
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摘要
We prove that, for finitely many demand observations, the Strong Axiom of Revealed Preference tests not only the existence of a strictly concave, strictly monotone and continuous utility generator, but also one that generates an infinitely differentiable demand function. Our results extend those of previous related results (Matzkin and Richter, 1991; Chiappori and Rochet, 1987), yielding differentiable demand functions but without requiring differentiable utility functions.
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页码:855 / 870
页数:15
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