HOW QUASI-RATIONAL ARE YOU - A BEHAVIORAL INTERPRETATION OF A 2 FORM WHICH MEASURES NONINTEGRABILITY OF A SYSTEM OF DEMAND EQUATIONS

Authors
RUSSELL T
Citation
T. Russell, HOW QUASI-RATIONAL ARE YOU - A BEHAVIORAL INTERPRETATION OF A 2 FORM WHICH MEASURES NONINTEGRABILITY OF A SYSTEM OF DEMAND EQUATIONS, Economics letters, 56(2), 1997, pp. 181-186
Citations number
17
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
56
Issue
2
Year of publication
1997
Pages
181 - 186
Database
ISI
SICI code
0165-1765(1997)56:2<181:HQAY-A>2.0.ZU;2-Z
Abstract
The symmetrized Slutsky matrix is used to provide an income measure of non-integrability. This matrix, used as a two-form by Arnold to measu re non-integrability of an exterior differential system, measures how far quasi-rational (systematic but not utility maximizing) demand is F rom being rational. (C) 1997 Elsevier Science S.A.