Showing 1 - 10 of 4,547
We present a nonparametric revealed preference methodology for empirically analyzing collective consumption behavior …. First, we introduce an integer programming (IP) methodology for testing data consistency with collective consumption models …
Persistent link: https://www.econbiz.de/10013156456
We provide two methods to compute the largest subset of a set of observations that is consistent with the Generalised Axiom of Revealed Preference. The algorithm provided by Houtman and Maks (1985) is not comput ationally feasible for larger data sets, while our methods are not limited in that...
Persistent link: https://www.econbiz.de/10010442321
We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …
Persistent link: https://www.econbiz.de/10012729024
We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …
Persistent link: https://www.econbiz.de/10013316820
but the argument is unknown. Many problems in econometrics can be stated in the form of inverse problems where the … the estimator. Integral equations of the first kind appear, for example, in the generalized method of moments when the …
Persistent link: https://www.econbiz.de/10014024938
easy to compute point estimator of a slope coefficient which can be interpreted as a local average treatment effect (LATE …). However, the 2SLS estimator does not measure the value of other useful treatment effect parameters without invoking untenable …
Persistent link: https://www.econbiz.de/10009718426
A breakdown frontier is the boundary between the set of assumptions which lead to a specific conclusion and those which do not. In a potential outcomes model with a binary treatment, we consider two conclusions: First, that ATE is at least a specific value (e.g., nonnegative) and second that the...
Persistent link: https://www.econbiz.de/10011645504
conditions that allow for both mildly ill-posed and severely ill-posed cases. We show that both a simple projection estimator for … the NPIR model, and a sieve minimum distance estimator for the NPIV model, can achieve the minimax risk lower bounds, and …
Persistent link: https://www.econbiz.de/10012773378
This paper presents a novel self-report approach to identify a general causal model with an unobserved covariate, which can be unobserved heterogeneity or an unobserved choice variable. It shows that a carefully designed noninvasive survey procedure can provide enough information to identify the...
Persistent link: https://www.econbiz.de/10012595615
This paper presents a revealed preference method for calculating a lower bound on the virtual or reservation price of a new good and suggests a way to improve these bounds by using budget expansion paths. This allows the calculation of cost-of-living and price indices when the number of goods...
Persistent link: https://www.econbiz.de/10013320238