Power against random expenditure allocation for revealed preference tests

Per Hjertstrand

This paper proposes new power indices for revealed preference tests. The indices are based on a model of irrational consumption behavior where the consumer randomly allocates a certain fraction of expenditure. The methods allow a researcher to trace out the entire power curve against random expenditure allocation. The power indices are illustrated on altruistic choices in experimental data.

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Year of publication:	December 3, 2019
Authors:	Hjertstrand, Per
Publisher:	Stockholm, Sweden : Research Institute of Industrial Economics
Subject:	GARP \| Power \| Revealed preference \| Theorie \| Theory \| Offenbarte Präferenzen \| Revealed preferences

Extent:	1 Online-Ressource (circa 13 Seiten) Illustrationen
Series:	IFN working paper. - Stockholm, ZDB-ID 2483275-3. - Vol. no. 1309 (2019)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/210950 [Handle]
Classification:	C14 - Semiparametric and Nonparametric Methods ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012133131