Power Against Random Expenditure Allocation for Revealed Preference Tests

This paper proposes new power indices for revealed preference tests. The indices are based on a model of irrational consumption behavior where the consumer randomly allocates a certain fraction of expenditure. The methods allow a researcher to trace out the entire power curve against random expenditure allocation. The power indices are illustrated on altruistic choices in experimental data

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Year of publication:	2019
Authors:	Hjertstrand, Per
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Offenbarte Präferenzen \| Revealed preferences \| Statistischer Test \| Statistical test

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Extent:	1 Online-Ressource (13 p)
Series:	IFN Working Paper ; No. 1309, 2019
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2019 erstellt
Other identifiers:	10.2139/ssrn.3500716 [DOI]
Classification:	C14 - Semiparametric and Nonparametric Methods ; D12 - Consumer Economics: Empirical Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012858039