arXiv Open Access 2021

The housing problem and revealed preference theory: duality and an application

Ivar Ekeland Alfred Galichon

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Abstrak

This paper exhibits a duality between the theory of Revealed Preference of Afriat and the housing allocation problem of Shapley and Scarf. In particular, it is shown that Afriat's theorem can be interpreted as a second welfare theorem in the housing problem. Using this duality, the revealed preference problem is connected to an optimal assignment problem, and a geometrical characterization of the rationalizability of experiment data is given. This allows in turn to give new indices of rationalizability of the data, and to define weaker notions of rationalizability, in the spirit of Afriat's efficiency index.

Topik & Kata Kunci

econ.GN

Penulis (2)

Ivar Ekeland

Alfred Galichon

Format Sitasi

APA MLA BibTeX

Ekeland, I., Galichon, A. (2021). The housing problem and revealed preference theory: duality and an application. https://arxiv.org/abs/2102.02593

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Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓