Consistent subsets: Computing the Houtman-Maks index in Stata

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:	2022
Authors:	Hjertstrand, Per ; Demetry, Marcos
Publisher:	Stockholm : Research Institute of Industrial Economics (IFN)
Subject:	hmindex \| Houtman-Maks index \| revealed preference \| WGARP \| WARP

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Series:	IFN Working Paper ; 1446
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1827181400 [GVK] hdl:10419/297242 [Handle]
Classification:	C87 - Econometric Software ; D12 - Consumer Economics: Empirical Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10014542230