Testable restrictions on the equilibrium manifold under random preferences

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Borradores de Economía; No. 233
Date published
2003-03-12
Date of last update
2003-03-12
Author
Carvajal, Andrés
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
General equilibrium theory was criticized for its apparent irrefutability, as seemingly implied by the Sonnenschein-Mantel-Debreu theorem. This view was challenged by Brown and Matzkin (1996), who showed the existence of testable restrictions on the equi
JEL Codes
D51 - Exchange and Production EconomiesD12 - Consumer Economics: Empirical AnalysisD70 - Analysis of Collective Decision-Making: General
Keywords
General equilibrium ; Revealed preferences ; Random utility ; Testable restrictions ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5251
https://hdl.handle.net/20.500.12134/5251
https://doi.org/10.32468/be.233
https://ideas.repec.org/p/bdr/borrec/233.html
https://ideas.repec.org/p/col/000094/001899.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit