durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount …

exists a utility function that the choices maximize. We conduct a large-scale field experiment that enables us to test … subjects' choices for consistency with utility maximization and to combine the experimental data with a wide range of … consistent than women, and young subjects are more consistent than older subjects. We also find that consistency with utility …

being. They are Hicksian equivalents in that the price changes yield the same utility changes as would the quantity or …

to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones …. This paper shows how to use elicited choice probabilities to estimate random utility models with random coefficients and …

introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care …