Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jan, 1972, Volume 40, Issue 1

A Mean Demand Function and Individual Demand Functions Confronted with the Weak and the Strong Axioms of Revealed Preference: An Empirical Test<177:AMDFAI>2.0.CO;2-C
p. 177-192

Axel Mossin

This empirical investigation is based on consumers' reports about their weekly purchases of everyday commodities. From the data we have corresponding price and consumption vectors of a number of individual demand functions and one mean demand function. By comparison with simulated demand functions, the correspondence between the price and consumption vectors is shown to be systematic and in agreement with the axioms of revealed preference.

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