Homothetic Efficiency. A Non-Parametric Approach

This article provides a robust non-parametric approach to demand analysis based on a concept called homothetic efficiency. Homotheticity is a useful restriction or assumption but data rarely satisfy testable conditions. To overcome this problem, this article provides a way to estimate homothetic efficiency of consumption choices by consumers.

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Year of publication:	2014-08
Authors:	Heufer, Jan ; Hjertstrand, Per
Institutions:	Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Subject:	Demand theory \| efficiency \| experimental economics \| homotheticity \| non-parametric analysis \| revealed preference \| utility maximisation

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Extent:	application/pdf
Series:	Ruhr Economic Papers. - ISSN 1864-4872.
Type of publication:	Book / Working Paper
Notes:	Number 0496 30 pages
Classification:	C14 - Semiparametric and Nonparametric Methods ; D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010814384