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Opening the black box of intra-household decision-making : theory and non-parametric empirical tests of general collective consumption models

Cherchye, Laurens (contributor); Rock, Bram de (contributor) - 2005

We non-parametrically test a general collective consumption model with public consumption and externalities inside the household. We further propose a novel approach to model special cases of the general collective model. These special cases include alternative restrictions on the 'sharing rule'...

Persistent link: https://www.econbiz.de/10002815713

Sharp for SARP : Nonparametric Bounds on the Behavioural and Welfare Effects of Price Changes

Blundell, Richard W. - 2012

Sharp nonparametric bounds are derived for Hicksian compensating and equivalent variations. These 'i-bounds' generalize earlier results of Blundell, Browning and Crawford (2008). We show that their e-bounds are sharp under the Weak Axiom of Revealed Preference (WARP). They do not require...

Persistent link: https://www.econbiz.de/10013101454

Opening the Black Box of Intra-Household Decision-Making : Theory and Non-Parametric Empirical Tests of General Collective Consumption Models

Vermeulen, Frederic; Cherchye, L.; de Rock, Bram - 2021

Persistent link: https://www.econbiz.de/10013318535

Consume now or later? : time inconsistency, collective choice and revealed preference

Adams, Abi; Cherchye, Laurens; Rock, Bram de; Verriest, … - 2014

In this paper, we develop a revealed preference methodology that allows us to explore whether time inconsistencies in household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and renegotiation within the collective unit. An empirical...

Persistent link: https://www.econbiz.de/10010356826

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 economics. This chapter surveys some recent contributions in the revealed preference literature. We depart from Afriat's theorem, which provides the conditions for a data set to...

Persistent link: https://www.econbiz.de/10012007070

Homothetic preferences revealed

Heufer, Jan; Hjertstrand, Per - 2017

We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...

Persistent link: https://www.econbiz.de/10011773009

Homothetic preferences revealed

Heufer, Jan; Hjertstrand, Per - 2017

Persistent link: https://www.econbiz.de/10011754165

Generating random optimising choices

Heufer, Jan - 2012

Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn … from an approximate uniform distribution on the admissible region on each budget which ensures consistency with GARP, based … it can be used to approximate the power of tests for conditions for which GARP is a necessary but not sufficient …

Persistent link: https://www.econbiz.de/10009580101

Afriat in the Lab

Heufer, Jan - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is observed. We show that this result does not hold under the assumptions that unobserved prices and expenditures remain constant. These assumptions are naturally satisfied in laboratory...

Persistent link: https://www.econbiz.de/10012979522

Sharing rule identification for general collective consumption models

Cherchye, Laurens; Rock, Bram de; Lewbel, Arthur; … - 2012

We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...

Persistent link: https://www.econbiz.de/10009539180