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What does GARP stand for?

GARP stands for Generalized Axiom of Revealed Preference (choice behaviour)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Science, medicine, engineering, etc.
  • Business, finance, etc.

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Other Resources:
We have 51 other meanings of GARP in our Acronym Attic

Samples in periodicals archive:

A necessary and sufficient condition for a finite set of data on individual consumption and prices to be consistent with the maximization of some nonsatiated utility function is the satisfaction of the Generalized Axiom of Revealed Preference (GARP), a generalized version of WARP (Varian 1982).