Slutsky matrix symmetry : a new behavioral condition

by Victor H. Aguiar and Roberto Serrano

The Slutsky matrix function encodes all the information about local variations in demand with respect to small (Slutsky) compensated price changes. When the demand function is the result of utility maximization the Slutsky matrix is symmetric. However, symmetry does not imply rationality. Here, we provide a necessary and sufficient condition for Slutsky symmetry. The new condition requires symmetric attention to compensated price-paths.

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Year of publication:	2022
Authors:	Aguiar, Victor H. ; Serrano, Roberto
Publisher:	London, Ontario, Canada : Department of Economics, Social Science Centre, Western University
Subject:	utility maximization \| Slutsky matrix \| Konsumtheorie \| Consumption theory \| Nachfragetheorie des Haushalts \| Consumer demand theory

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Extent:	1 Online-Ressource (circa 16 Seiten)
Series:	Research report / Department of Economics, Social Science Centre, The University of Western Ontario. - London, Ont. : [Verlag nicht ermittelbar], ZDB-ID 2256392-1. - Vol. # 2022, 8 (August 2022)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/270410 [Handle]
Classification:	C50 - Econometric Modeling. General ; C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing ; C91 - Laboratory, Individual Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013370941