Showing 1 - 10 of 10
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
Persistent link: https://www.econbiz.de/10011091729
We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey.We conduct a nonparametric analysis that avoids the distortive impact of an erroneously speci.ed functional form for the prefer-ences and/or the...
Persistent link: https://www.econbiz.de/10011091901
We present a household consumption model that accounts for caring house- hold members, while allowing for noncooperative behavior in decisions on pub- lic goods. The intrahousehold consumption outcome critically depends on the degree of caring between the household members. By varying the degree...
Persistent link: https://www.econbiz.de/10011092325
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
We study the public policy implications of a model in which agents do not fully internalize all the conscequences of their actions. Such a model uni es seemingly disconected models with behavioral agents. We evaluate the scope of paternalistic and libertarian-parternalistic policies in the light...
Persistent link: https://www.econbiz.de/10011092671
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 provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis. …
Persistent link: https://www.econbiz.de/10011092784
contrast, concavity of individual utility functions (representing convex preferences) turns out to be testable. In addition …
Persistent link: https://www.econbiz.de/10011092805