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Nonparametric tests of collectively rational consumption behavior: an integer programming procedure
[Zeitschriftenartikel]
Abstract We present an IP-based nonparametric (revealed preference) testing procedure for rational consumption behavior in terms of a general collective model, which includes consumption externalities and public consumption. An empirical application to data drawn from the Russia Longitudinal Monitoring Surve... mehr
We present an IP-based nonparametric (revealed preference) testing procedure for rational consumption behavior in terms of a general collective model, which includes consumption externalities and public consumption. An empirical application to data drawn from the Russia Longitudinal Monitoring Survey (RLMS) demonstrates the practical usefulness of the procedure. Finally, we present extensions of the testing procedure to evaluate the goodness-of-fit (accounting for optimization error as well as measurement error) of the collective model subject to testing.... weniger
Klassifikation
Wirtschaftswissenschaften
Freie Schlagwörter
Collective consumption model; Revealed preferences; Nonparametric rationality tests; Integer programming (IP)
Sprache Dokument
Englisch
Publikationsjahr
2008
Seitenangabe
S. 258-265
Zeitschriftentitel
Journal of Econometrics, 147 (2008) 2
DOI
https://doi.org/10.1016/j.jeconom.2008.09.010
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)