Showing 1 - 10 of 47
Persistent link: https://www.econbiz.de/10001528872
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic models. First, we establish revealed preference conditions that must be satisfied for observed group behavior to be consistent with Pareto efficiency under transferable utility....
Persistent link: https://www.econbiz.de/10014185457
Persistent link: https://www.econbiz.de/10001540223
Persistent link: https://www.econbiz.de/10008657226
In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Gorman (1953, 1961), Samuelson (1956) and others. They can also be applied to data very readily...
Persistent link: https://www.econbiz.de/10009486102
Persistent link: https://www.econbiz.de/10009404748
We propose a collective labor supply model with household production that generalizes an original model of Blundell, Chiappori and Meghir (2005). In our model, adults' individual preferences do not only depend on own leisure and individual private consumption of market goods. They also depend on...
Persistent link: https://www.econbiz.de/10009007801
Persistent link: https://www.econbiz.de/10009008727
Persistent link: https://www.econbiz.de/10010255654
Persistent link: https://www.econbiz.de/10010202631