Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are 'revealed' through consumer choice behavior. This study of consumer demand and behavior is closely tied up with econometrics (especially nonparametric econometrics), where testing the validity of different theoretical models is an ...

Revealed Preference Theory 2016, Cambridge University Press, Cambridge

ISBN-13: 9781107458116

Trade paperback

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Revealed Preference Theory 2016, Cambridge University Press, Cambridge

ISBN-13: 9781107087804

Hardcover

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