Note on Symmetric Utility

6 Pages Posted: 18 Jul 2017

See all articles by Christopher Chambers

Christopher Chambers

University of California, San Diego (UCSD) - Department of Economics

John Rehbeck

Ohio State University (OSU) - Economics

Date Written: July 12, 2017

Abstract

This note studies necessary and sufficient conditions for consumer demand data to be generated by a symmetric utility function. We find that a dataset of prices and consumption decisions can be rationalized by a symmetric utility function if and only if the symmetrized dataset satisfies the generalized axiom of revealed preference.

Keywords: Symmetric Utility, Revealed Preference, Demand

JEL Classification: D01, D11

Suggested Citation

Chambers, Christopher and Rehbeck, John, Note on Symmetric Utility (July 12, 2017). Available at SSRN: https://ssrn.com/abstract=3001418 or http://dx.doi.org/10.2139/ssrn.3001418

Christopher Chambers

University of California, San Diego (UCSD) - Department of Economics ( email )

9500 Gilman Drive
La Jolla, CA 92093-0508
United States

John Rehbeck (Contact Author)

Ohio State University (OSU) - Economics ( email )

410 Arps Hall
1945 N. High St.
Columbus, OH 43210-1172
United States

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