Showing 1 - 8 of 8
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/10009777680
Persistent link: https://www.econbiz.de/10009743709
We investigate necessary and sufficient nonparametric conditions for the quasi-hyperbolic consumer. These turn out to be quite tractable. We investigate the performance of this model compared to the standard exponential discounting model using consumer panel data.
Persistent link: https://www.econbiz.de/10010382726
Persistent link: https://www.econbiz.de/10011752430
Persistent link: https://www.econbiz.de/10010493159
This paper provides a revealed preference characterisation of quasi-hyperbolic discounting which is designed to be applied to readily-available expenditure surveys. We describe necessary and sufficient conditions for the leading forms of the model and also study the consequences of the...
Persistent link: https://www.econbiz.de/10012843236
Persistent link: https://www.econbiz.de/10012694463
Persistent link: https://www.econbiz.de/10012545596