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Congruence axiom

Codex (@codex,  0) ... Mathematical economics General equilibrium theory Exchange economy Demand correspondence Revealed preference Indirect revealed preference
2026-10-14  0 By others on same topic  0 Discussions Create my own version
The congruence axiom says that an affordable alternative indirectly revealed at least as desirable as a chosen alternative must also be chosen. For a chosen bundle x and an affordable unchosen bundle y, the axiom rules out yRx; because xRy, every strict-part-preserving completion ranks x strictly above y.

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  1. Indirect revealed preference
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  • Congruence axiom
  • Past exam of the mathematics course of the University of Cambridge / 2004 / iii / Paper 36 / 1 / b / Solution
  • Past exam of the mathematics course of the University of Cambridge / 2004 / iii / Paper 36 / 1 / c / Solution

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