2013_Bao_Testing the Law of Aggregate Demand (kzb).pdf (248.84 kB)
Testing for the Law of Aggregate Demand
thesisposted on 2020-08-18, 20:36 authored by Kevin Bao
We provide an algorithm to test the law of aggregate demand with runtime complexity polynomial to the length of the agent’s preference relation over a set of contracts. Access to this preference relation is essential, as we show that any algorithms with only oracle access to the agent’s choice function require a number of queries exponential to the number of contracts.
- BS in Economics