Absolute and Relative Time-Consistent Revealed Preferences

Theory and Decision 66 (3):283-299 (2009)
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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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10.1007/s11238-007-9081-z

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