Testable restrictions on the equilibrium manifold under random preferences

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Borradores de Economía; No. 233

Date published

2003-03-12

Date

2003-03-12

Authors

Carvajal, Andrés

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Document language

spa
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

D12 - Consumer Economics: Empirical Analysis

Temática

Keywords

Keywords

General equilibrium , Revealed preferences , Random utility , Testable restrictions

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5251
 https://hdl.handle.net/20.500.12134/5251
 https://ideas.repec.org/p/bdr/borrec/233.html
 https://doi.org/10.32468/be.233

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