Revealed preference and differentiable demand

被引:4
作者
Lee, PMH [1 ]
Wong, KC [1 ]
机构
[1] Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China
关键词
nonparametric analysis; revealed preference; smooth demand;
D O I
10.1007/s00199-004-0479-3
中图分类号
F [经济];
学科分类号
02 ;
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.
引用
收藏
页码:855 / 870
页数:16
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