Showing 1 - 10 of 58
We present an IP-based nonparametric (revealed preference) testing proce- dure for rational consumption behavior in terms of general collective models, which include consumption externalities and public consumption. An empiri- cal application to data drawn from the Russia Longitudinal Monitoring...
Persistent link: https://www.econbiz.de/10011092661
Abstract: We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong...
Persistent link: https://www.econbiz.de/10011092688
We non-parametrically test a general collective consumption model with public consumption and externalities inside the household.We further propose a novel approach to model special cases of the general collective model.These special cases include alternative restrictions on the 'sharing rule'...
Persistent link: https://www.econbiz.de/10011092718
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic models. First, we establish revealed preference conditions that must be satisfied for observed group behavior to be consistent with Pareto efficiency under transferable utility....
Persistent link: https://www.econbiz.de/10011092784
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10011092805
We propose a collective labor supply model with household production that generalizes an original model of Blundell, Chiappori and Meghir (2005). In our model, adults' individual preferences do not only depend on own leisure and individual private consumption of market goods. They also depend on...
Persistent link: https://www.econbiz.de/10011090416
We present a nonparametric 'revealed preference' methodology for empiri- cally analyzing collective consumption behavior. First, we introduce an integer programming (IP) methodology for testing data consistency with collective con- sumption models that account for publicly as well as privately...
Persistent link: https://www.econbiz.de/10011090549
We develop a revealed preference approach to analyze non-unitary con- sumption models with intrahousehold allocations deviating from the cooper- ative (or Pareto e¢ cient) solution. At a theoretical level, we establish re- vealed preference conditions of household consumption models with...
Persistent link: https://www.econbiz.de/10011090797
We apply the collective consumption model of Browning, Chiappori and Lew- bel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...
Persistent link: https://www.econbiz.de/10011090930
Persistent link: https://www.econbiz.de/10011091729