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We derive necessary and sufficient conditions for a finite data set of price and demand observations to be consistent with an additively separable preference. We do so without imposing concavity on any of the subutility functions or convexity of the budget set a priori, thereby generalizing...
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We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency. Homotheticity is a useful restriction but data rarely satisfies testable conditions. To overcome this we provide a way to estimate homothetic efficiency of consumption choices. It...
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behaviour than standard utility maximisation. An application to experimental and household expenditure data illustrates how the …
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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...
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which each pairwise choice is associated with a "local" utility function. We develop its associated weak revealed … the weak axiom holds, but when consumers are not utility maximizers. We clarify the reasons for this failure and provide …
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