Power against random expenditure allocation for revealed preference tests

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:	2019
Authors:	Hjertstrand, Per
Publisher:	Stockholm : Research Institute of Industrial Economics (IFN)
Subject:	GARP \| Power \| Revealed preference

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Series:	IFN Working Paper ; 1309
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1685477690 [GVK] hdl:10419/210950 [Handle]
Classification:	C14 - Semiparametric and Nonparametric Methods ; D12 - Consumer Economics: Empirical Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10012145534