Quasimonotone individual demand

Abstract

Quasimonotone individual demand correspondences are characterized as those which can be rationalized (in a weak sense) by a complete, upper continuous, monotone, and convex preference relation. Moreover, it is shown that an arbitrary set of demand ob-servations can be rationalized by a reflexive, upper continuous, monotone and convex preference if and only if it is properly quasimonotone

Keywords:

• Quasimonotonicity
• Demand Theory
• Revealed Preferences