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What kind of preference maximization does the weak axiom of revealed preference characterize?

✍ Scribed by Marco Mariotti


Publisher
Springer
Year
2007
Tongue
English
Weight
95 KB
Volume
35
Category
Article
ISSN
0938-2259

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We prove that the problem of testing whether data of consumption expenditures satisfy the Collective Axiom of Revealed Preference (CARP) is an NP-complete problem.