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Revealed Preference and Independence of Irrelevant Alternatives: A Note

01/01/1991

Revealed Preference and Independence of Irrelevant Alternatives: A Note

Lahiri Somdeb

Working Papers

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Our objective here is to establish an equivalence between the IIA axiom which plays a significant role in axiomatic models of bargaining, and a generalization of WARP which plays a significant role in demand analysis.

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