Blundell, Richard; Browning, Martin; Crawford, Ian - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2002
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge … of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on … guarantee convergence. Nonparametric Engel curves are used to estimate expansion paths and provide a stochastic structure within …