北大中级微观经济学ch7.pptVIP

Chapter Seven;Revealed Preference Analysis;Revealed Preference Analysis;Assumptions on Preferences;Assumptions on Preferences;Direct Preference Revelation;Direct Preference Revelation;Direct Preference Revelation;Indirect Preference Revelation;Indirect Preference Revelation;Indirect Preference Revelation;Indirect Preference Revelation;z is not affordable when x* is chosen.x* is not affordable when y* is chosen. So x* and z cannot be compared directly.;But x*x* y*;But x*x* y*and y* z;z is not affordable when x* is chosen.x* is not affordable when y* is chosen. So x* and z cannot be compared directly.;Two Axioms of Revealed Preference;The Weak Axiom of Revealed Preference (WARP);The Weak Axiom of Revealed Preference (WARP);The Weak Axiom of Revealed Preference (WARP);The Weak Axiom of Revealed Preference (WARP);The Weak Axiom of Revealed Preference (WARP);The Weak Axiom of Revealed Preference (WARP);The Strong Axiom of Revealed Preference (SARP);The Strong Axiom of Revealed Preference