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Quasimonotone individual demand
Abstract:Quasimonotone individual demand correspondences are characterized as those which can be rationalized (in a weak sense) by a complete, upper continuous, monotone, and convex preference relation. Moreover, it is shown that an arbitrary set of demand ob-servations can be rationalized by a reflexive, upper continuous, monotone and convex preference if and only if it is properly quasimonotone
Keywords:Quasimonotonicity  Demand Theory  Revealed Preferences
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