Showing 1 - 10 of 24
This paper extends the nonparametric methods developed by Samuelson (1948), Houthakker (1950), Afriat (1973), Diewert (1973) and Varian (1982, 1983) to latently separable models. It presents necessary and sufficient empirical conditions under which data on the market behaviour of a price-taking...
Persistent link: https://www.econbiz.de/10009732597
This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for...
Persistent link: https://www.econbiz.de/10010785393
This paper sets out necessary and sufficient empirical conditions for rational intrinsic habits models in the revealed preference tradition of <xref ref-type="bibr" rid="R41">Samuelson (1948)</xref>, <xref ref-type="bibr" rid="R29">Houthakker (1950)</xref>, <xref ref-type="bibr" rid="R3">Afriat (1967)</xref>, and <xref ref-type="bibr" rid="R11">Browning (1989)</xref>. The conditions in the paper are shown to be computationally straightforward and...
Persistent link: https://www.econbiz.de/10010970144
type="main" xml:id="acfi12007-abs-0001" <title type="main">Abstract</title> <p>This study is motivated by the increasing diversity among first-year accounting students and the increasing number of first-year accounting students whose majors are not in accounting related areas in UK universities. The main contribution of this...</p>
Persistent link: https://www.econbiz.de/10011036970
Economic and social welfare is inherently multidimensional. However, choosing a measure which combines several indicators is difficult and may have unintendend and undesirable effects on the incentives of policy makers. We develop a nonparametric empirical method for deriving welfare rankings...
Persistent link: https://www.econbiz.de/10010574358
This article aims to provide an introduction to empirical revealed preference (RP) and an overview of the current state of the field. We hope to give a sense of how RP methods work and the types of questions they can address and to assess the strengths and drawbacks of the approach. After...
Persistent link: https://www.econbiz.de/10011004691
Sharp nonparametric bounds are derived for counterfactual demands and Hicksian compensating and equivalent variations. These "i-bounds" refine and extend earlier results of Blundell, Browning, and Crawford (2008). We show that their bounds are sharp under the Weak Axiom of Revealed Preference...
Persistent link: https://www.econbiz.de/10011145208
Persistent link: https://www.econbiz.de/10005563464
This paper uses revealed preference inequalities to provide the tightest possible (best) nonparametric bounds on predicted consumer responses to price changes using consumer-level data over a finite set of relative price changes. These responses are allowed to vary nonparametrically across the...
Persistent link: https://www.econbiz.de/10005231738
Persistent link: https://www.econbiz.de/10005285708