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1.Consider preferences defined over the nonnegative orthant by (x 1 ,x 2 ) > (y 1 ,y 2 ) if x1+x2 < y1+y2. Are these
1.Consider preferences defined over the nonnegative orthant by (x1,x2) > (y1,y2) if x1+x2 < y1+y2. Are these preferences monotonic? Do these preferences statisfy local nonsatiation? Does Walras law hold?
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
