Tapas Majumdar (1929-2010)

[...]while social intervention is not ruled out, whether or not it is called for in a particular situation is to be judged in terms of the preference patterns of the individuals. In "Revealed Preference and the Demand Theorem in a Not Necessarily Competitive Market", Quarterly Journal of E...

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Bibliographic Details
Published in:Economic and political weekly 2010-11, Vol.45 (46), p.4-5
Main Author: Banerjee, Asis Kumar
Format: Article
Language:English
Subjects:
Advertising research
Economic models
Economic research
Economics
Education
Elementary education
Game theory
Industrial parks
LETTERS
Preferences
Public image management
Rational choice theory
Restaurants
Teaching
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Summary:[...]while social intervention is not ruled out, whether or not it is called for in a particular situation is to be judged in terms of the preference patterns of the individuals. In "Revealed Preference and the Demand Theorem in a Not Necessarily Competitive Market", Quarterly Journal of Economics (1969), he extended revealed preference theory by relaxing the assumption of competitive markets. [...]the process of development may be considered to be a process in which people's preferences change for the "better" in some sense.
ISSN:0012-9976
2349-8846