Consistent subsets : computing the Houtman-Maks index in Stata

Per Hjertstrand and Marcos Demetry

The Houtman-Maks index is a measure of the size of a violation of utility maximizing (i.e., rational) behavior. This note introduces the Stata command hmindex, which calculates the Houtman-Maks index for a data set of prices and observed choices of a consumer. The command is illustrated with an empirical application.

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Year of publication:	December 1, 2022
Authors:	Hjertstrand, Per ; Demetry, Marcos
Publisher:	Stockholm, Sweden : Research Institute of Industrial Economics
Subject:	hmindex \| Houtman-Maks index \| revealed preference \| WGARP \| WARP \| Offenbarte Präferenzen \| Revealed preferences \| Index \| Index number \| Theorie \| Theory \| Indexberechnung \| Index construction

Extent:	1 Online-Ressource (circa 11 Seiten) Illustrationen
Series:	IFN working paper. - Stockholm, ZDB-ID 2483275-3. - Vol. no. 1446 (2022)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/297242 [Handle]
Classification:	C87 - Econometric Software ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013465284