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The authors extend W. A. Barnett and A. Jonas's (1983) asymptotically ideal model (AIM) to model for the possibility that the data were generated by a dynamic process. Prediction errors for dynamic and static AIM models are compared for various simulated datasets. Monetary data are also used to...
Persistent link: https://www.econbiz.de/10005430150
This article develops a new method to evaluate revealed preference separability conditions. In contrast to previous studies, our results generally find weak separability, even when datasets have some measurement error. In addition, revealed preference and weak separability appear robust to...
Persistent link: https://www.econbiz.de/10005238431