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Is Utility Transferable? A Revealed Preference Analysis
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - 2011
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …
Persistent link: https://www.econbiz.de/10014185457
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Remarks on Afriat's theorem and the Monge-Kantorovich problem
Kolesnikov, Alexander V.; Kudryavtseva, Olga V.; … - In: Journal of mathematical economics 49 (2013) 6, pp. 501-505
Persistent link: https://www.econbiz.de/10010460318
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Mixed integer programming revealed preference tests of utility maximization and weak separability of consumption, leisure, and money
Hjertstrand, Per; Swofford, James L.; Whitney, Gerald A. - In: Journal of money, credit and banking : JMCB 48 (2016) 7, pp. 1547-1561
Persistent link: https://www.econbiz.de/10011707940
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Is Utility Transferable? A Revealed Preference Analysis
Cherchye, Laurens - 2011
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …
Persistent link: https://www.econbiz.de/10013129058
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Constructing quadratic objective functions by linear programming with an application to pure exchange
Schwarm, Claus - In: Constructing and applying objective functions : …, (pp. 309-330). 2002
Persistent link: https://www.econbiz.de/10001770141
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Is utility transferable? : a revealed preference analysis
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - In: Theoretical economics : TE ; journal of the Econometric … 10 (2015) 1, pp. 51-65
Persistent link: https://www.econbiz.de/10010528229
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Is utility transferable? : a revealed preference analysis
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 1, pp. 51-65
The transferable utility hypothesis underlies important theoretical results in household economics. We provide a … transferable utility. We also show that these conditions are testable by means of integer programming methods. …
Persistent link: https://www.econbiz.de/10011674052
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Samuelson's approach to revealed preference theory : some recent advances
Demuynck, Thomas; Hjertstrand, Per - 2019
Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in …, which provides the conditions for a data set to be consistent with the utility maximization hypothesis. We provide and …
Persistent link: https://www.econbiz.de/10012007070
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Is utility transferable? : a revealed preference analysis
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - 2011
Persistent link: https://www.econbiz.de/10009008727
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Is utility transferable? : a revealed preference analysis
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - 2011
Persistent link: https://www.econbiz.de/10008859695