Results 91 to 100 of about 19,010 (211)
Are money and consumption additively separable in the euro area? A non-parametric approach [PDF]
We propose a numerical test of the non-parametric conditions for additive separability between consumption and real money balances, building on Varian (1983).
Jones, Barry E., Stracca, Livio
core
ON TESTING FOR REVEALED PREFERENCE CONDITIONS [PDF]
A procedure to test for the significance of violations of revealed preference conditions is described. The procedure is simple and hence may especially be appropriate for large data sets.
Tsur, Yacov
core +1 more source
Individual Preferences for Giving [PDF]
This paper reports an experimental test of individual preferences for giving. We use graphical representations of modified Dictator Games that vary the price of giving. This generates a very rich data set well- suited to studying behavior at the level of
Daniel Markovits +2 more
core
Opening the Black Box of Intra-Household Decision-Making: Theory and Non-Parametric Empirical Tests of General Collective Consumption Models [PDF]
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 ...
Cherchye, L.J.H. +2 more
core +1 more source
Testable implications of general equilibrium models: an integer programming approach [PDF]
Focusing on the testable implications on the equilibrium manifold, we show that the rationalizability problem is NP-complete. Subsequently, we present an integer programming (IP) approach to characterizing general equilibrium models. This approach avoids
Bram DE ROCK +2 more
core
Consistency, Heterogeneity, and Granularity of Individual Behavior under Uncertainty [PDF]
By using graphical representations of budget sets over bundles of state-contingent commodities, we generate a very rich data set well-suited to studying behavior under uncertainty at the level of the individual subject.
Douglas Gale +3 more
core
Modeling collective rationality : an nonparametric test on experimental data. [PDF]
We provide a .first nonparametric (revealed preference) test of the collective consumption model on the basis of experimental data. By using nonparametric testing tools and experimental data, we avoid the usual problems associated with parametric tests ...
Bruyneel, Sabrina +2 more
core
Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion [PDF]
It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion.
Jan Heufer
core
Is Utility Transferable? A Revealed Preference Analysis [PDF]
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic models. First, we establish revealed preference conditions that must be satisfied for observed group behavior to be consistent with Pareto ...
Cherchye, L.J.H. +2 more
core +1 more source