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Compensated and direct demand without transitive and complete preferences
Authors:Susanne Fuchs-Seliger
Institution:(1) Institut für Wirtschaftstheorie und OR der Universität Karlsruhe, Am Schloss/Bau IV, 7500 Karlsruhe, FRG
Abstract:Income compensation functions based on preference relations that are not required to be transitive or complete are studied, and a nearly complete theory of compensated consumer behaviour is developed, using a weaker version of representability.
Keywords:
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