Mattei, Aurelio - In: Swiss Journal of Economics and Statistics (SJES) 130 (1994) I, pp. 3-20
In this article we analyze if consumer behavior is consistent with utility maximization by using Swiss household budget data from 1975 to 1989. The test is based on revealed preference theory. We could follow the expenditures of 1840 households over 12 months and for 1730 households we could...