Revealed Preference and Independence of Irrelevant Alternatives: A Note
Research & Publications
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
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.
