Cherchye, Laurens; Rock, Bram De; Platino, Vincenzo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010
We study the testability implications of public versus private consumption. The distinguishing feature of our approach is that we start from a revealed preference characterization of collectively rational behavior. Remarkably, we find that assumptions regarding the public or private nature of...