## General revealed Preference Theory (2010)

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by
Christopher P. Chambers
,
Federico Echenique
,
Eran Shmaya

### BibTeX

@MISC{Chambers10generalrevealed,

author = {Christopher P. Chambers and Federico Echenique and Eran Shmaya},

title = {General revealed Preference Theory},

year = {2010}

}

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### Abstract

We provide general conditions under which an economic theory has a universal axiomatization: one that leads to testable implications. Roughly speaking, if we obtain a universal axiomatization when we assume that unobservable parameters (such as preferences) are observable, then we can obtain a universal axiomatization purely on observables. The result "explains" classical revealed preference theory, as applied to individual rational choice. We obtain new applications to Nash equilibrium theory and Pareto optimal choice.