《北大微观经济学课件(英文版)ch7RevealedPreference》教学课件.ppt

中级微观经济学 中级微观经济学 * 中级微观经济学 Chapter Seven Revealed Preference 显示偏好 * 中级微观经济学 Revealed Preference Analysis Suppose we observe the demands (consumption choices) that a consumer makes for different budgets. This reveals information about the consumer’s preferences. We can use this information to ... * 中级微观经济学 Revealed Preference Analysis Test the behavioral hypothesis that a consumer chooses the most preferred bundle from those available. Discover the consumer’s preference relation. * 中级微观经济学 Assumptions on Preferences Preferences do not change while the choice data are gathered. are strictly convex. are monotonic. Together, convexity and monotonicity imply that the most preferred affordable bundle is unique. * 中级微观经济学 Assumptions on Preferences x2 x1 x1* x2* If preferences are convex andmonotonic (i.e. well-behaved)then the most preferredaffordable bundle is unique. * 中级微观经济学 Direct Preference Revelation Suppose that the bundle x* is chosen when the bundle y is affordable. Then x* is directly revealed preferred to y (otherwise y would have been chosen). x*直接显示偏好于y * 中级微观经济学 Direct Preference Revelation x2 x1 x* y The chosen bundle x* isdirectly revealed preferred to the bundles y and z. z * 中级微观经济学 Direct Preference Revelation That x is directly revealed preferred to y will be written as  x y. D p * 中级微观经济学 Indirect Preference Revelation Suppose x is revealed directly preferred to y, and y is revealed directly preferred to z. Then, by transitivity, x is indirectly revealed preferred to z. Write this as x zso x y and y z x z. D p D p I p I p * 中级微观经济学 Indirect Preference Revelation x2 x1 x* z z is not affordable when x* is chosen. * 中级微观经济学 Indirect Preference Revelation x2 x1 x* y* z x* is not affordable when y* is chosen. * 中级微观经济学 Indirect Preference Revelation x2 x1 x* y* z z is not affordable when x* is chosen.x* is not affordable when y* is c