9781107458116-1107458110-Revealed Preference Theory (Econometric Society Monographs, Series Number 56)

Revealed Preference Theory (Econometric Society Monographs, Series Number 56)

ISBN-13: 9781107458116
ISBN-10: 1107458110
Author: Chambers, Christopher P., Echenique, Federico
Publication date: 2016
Publisher: Cambridge University Press
Format: Paperback 235 pages
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Book details

ISBN-13: 9781107458116
ISBN-10: 1107458110
Author: Chambers, Christopher P., Echenique, Federico
Publication date: 2016
Publisher: Cambridge University Press
Format: Paperback 235 pages

Summary

Acknowledged authors Chambers, Christopher P., Echenique, Federico wrote Revealed Preference Theory (Econometric Society Monographs, Series Number 56) comprising 235 pages back in 2016. Textbook and eTextbook are published under ISBN 1107458110 and 9781107458116. Since then Revealed Preference Theory (Econometric Society Monographs, Series Number 56) textbook was available to sell back to BooksRun online for the top buyback price of $ 2.27 or rent at the marketplace.

Description

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.

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