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The law of aggregate demand : empirical evidence from India using nonparametric direct average derivative estimation procedure
Chakrabarty, Manisha - 2001
)]. Increasing heterogeneity in spending of populations of households leads to this sufficient condition which is falsifiable from … is, indeed, positive definite. The required heterogeneity condition is also well supported in this data where one can not …
Persistent link: https://www.econbiz.de/10011540065
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How many consumers are rational?
Hoderlein, Stefan - 2009
Rationality places strong restrictions on individual consumer behavior. This paper is concerned with assessing the validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand analysis. More specifically, we characterize the testable...
Persistent link: https://www.econbiz.de/10010288416
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How many consumers are rational?
Hoderlein, Stefan - 2009
Rationality places strong restrictions on individual consumer behavior. This paper is concerned with assessing the validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand analysis. More specifically, we characterize the testable...
Persistent link: https://www.econbiz.de/10003908559
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Revealed Preference and Nonparametric Analysis – Continuous Extensions and Recoverability
Heufer, Jan - 2012
This paper shows how revealed preference relations, observed under general budget sets, can be extended using closure operators which impose certain assumptions on preferences. Common extensions are based on the assumption that preferences are convex and/or monotonic, but we also consider...
Persistent link: https://www.econbiz.de/10014171225
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Random coefficients in static games of complete information
Dunker, Fabian; Hoderlein, Stefan; Kaido, Hiroaki - 2013
coefficient specification to capture this type of heterogeneity in behaviour, and discusses nonparametric identification and …
Persistent link: https://www.econbiz.de/10009725714
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Commuters' preferences for fast and reliable travel
Koster, Paul R.; Koster, Hans - 2013
observed and unobserved heterogeneity in the value of travel time and reliability. Using data from a stated choice experiment …, we show that there is substantial heterogeneity in the willingness to pay for fast and reliable travel. About 5 …-25 percent of the heterogeneity in the value of time and reliability is attributable to observed characteristics of individuals …
Persistent link: https://www.econbiz.de/10011532468
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Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the estimation of treatment effects ; conference paper
Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014 - Preliminary version, this draft: February 28, 2014
A large and highly used number of treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non testable. When evaluating the effects of labor market policies, researchers need to observe both variables that affect treatment...
Persistent link: https://www.econbiz.de/10010487253
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Commuters' preferences for fast and reliable travel
Koster, Paul; Koster, Hans - 2013
Persistent link: https://www.econbiz.de/10010191398
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The Impact of Financial Literacy and Financial Well-Being toward Online Shopping Activities during COVID-19 among Students Residing in Malaysia
Susanto, Sebastian Filbert - 2021
The purpose of this study is to measured and analysed the relationship and correlations of the financial literacy, financial well-being, COVID-19 daily life influence, and individual’s monthly income toward the online shopping activities, which is measured through the estimated average monthly...
Persistent link: https://www.econbiz.de/10014351678
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A nonparametric test for seasonal unit roots
Kunst, Robert M. - 2009
We consider a nonparametric test for the null of seasonal unit roots in quarterly time series that builds on the RUR (records unit root) test by Aparicio, Escribano, and Sipols. We find that the test concept is more promising than a formalization of visual aids such as plots by quarter. In order...
Persistent link: https://www.econbiz.de/10010294023