Fuzzy Choice Functions
Irina Georgescu
Gebundenes Buch

Fuzzy Choice Functions

A Revealed Preference Approach

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A main topic in welfare economics is the rational behaviour of a consumer when, faced with various prices and incomes, he has to make a choice. The theory of consumption establishes the framework in which the rationality of consumers is de?ned and the principle on which it is based. By [109], "the rationality of a consumer may be described by postulating that a consumer has a de?nite preference over all conceivable commodity bundles and that he chooses those commodity bundles that are optimal with respect to his preference subject to budgetary constraints". Samuelson's theory of revealed prefe...