Note on Symmetric Utility
6 Pages Posted: 18 Jul 2017
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: 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
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