Absolute and Relative Time-Consistent Revealed Preferences |
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| Authors: | Thomas Demuynck |
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| Affiliation: | (1) Sherppa, Ghent University, Hoveniersberg 24, B 9000 Gent, Belgium |
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| Abstract: | We introduce an Absolute (Relative) Time-consistent Axiom of Revealed Preference which characterizes the consistency of a choice function with the property of absolute (relative) time-consistency and impatience. The axiom requires that the absolute (relative) time-consistent and impatient closure of the revealed preference relation does not conflict with the strict revealed preference relation. |
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| Keywords: | time-consistency revealed preference choice function |
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