This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...

Using detailed loan transactions-level data we examine the efficiency of an overnight interbank lending market, and the bargaining power of its participants. Our analysis relies on the equilibrium concept of the core, which imposes a set of no-arbitrage conditions on trades in the market. For...

In this note, I extend the work of Echenique (Amer. Econ. Rev. 102(1): 594-601, 2012) to show that under the assumption of unilaterally substitutable preferences a matching market with contracts may be embedded into a matching market with salaries. In particular, my result applies to the...