REVEALED PREFERENCE THEORY by Christopher Charles Chambers, Federico Echenique ( 9781107087804 )

Item Details

Title:

REVEALED PREFERENCE THEORY

By:

Christopher Charles Chambers, Federico Echenique

Format:

Hardback

List price:

£95.00

Our price:

£85.50

Discount:

10% off

You save:

£9.50

ISBN 10:

1107087805

ISBN 13:

9781107087804

Availability:

Usually dispatched within 1-3 weeks.

Delivery rates

Stock:

Currently 0 available

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

4 January, 2016

Series:

Econometric Society Monographs 56

Pages:

224

Description:

This book examines situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.

Synopsis:

Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are 'revealed' through consumer choice behavior. This study of consumer demand and behavior is closely tied up with econometrics (especially nonparametric econometrics), where testing the validity of different theoretical models is an important aspect of research. The theory of revealed preference has a very long and distinguished tradition in economics, but there was no systematic presentation of the theory until now. This book deals with basic questions in economic theory, such as the relation between theory and data, and studies the situations in which empirical observations are consistent or inconsistent with some of the best known theories in economics.

Illustrations:

33 b/w illus.

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

Some other items by this author:

REVEALED PREFERENCE THEORY (PB)

THE BABUSHKA INHERITANCE (PB)

THE OBAMA INHERITANCE (PB)

THE ODESSA STONE (PB)