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Published May 2017 | Published
Journal Article Open

General revealed preference theory


We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories of group behavior: the theory of group preference and the theory of Nash equilibrium.

Additional Information

© 2017 The Authors. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes. Manuscript received 2 August, 2014; final version accepted 7 June, 2016; available online 21 June, 2016. Chambers and Echenique acknowledge support from the NSF through Grant SES-0751980. We are grateful to seminar audiences at Arizona State University and Brown University. An anonymous referee provided extremely helpful feedback that greatly improved the paper. We are especially grateful to KimBorder, Faruk Gul, and Philippe Mongin for many detailed comments and suggestions.

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