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We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric...
Persistent link: https://www.econbiz.de/10005762164
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The …, monotonicity is testable for the model that assumes all household consumption is public …
Persistent link: https://www.econbiz.de/10012723215
specific to the collective model of household consumption. As a first step, we discuss the testable necessary and sufficient …
Persistent link: https://www.econbiz.de/10010990811
the collective nature of choice allows the vast majority of household behaviour to be rationalised by theory that assumes …This paper develops a revealed preference methodology for exploring whether time inconsistencies in household choice … within the collective unit.  An empirical application to household-level microdata highlights that an explicit recognition of …
Persistent link: https://www.econbiz.de/10011004129
the strengths and drawbacks of the approach. After briefly recapping the basics of RP theory, we review and critically …
Persistent link: https://www.econbiz.de/10011004691
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household … bounds by applying revealed preference restrictions implied by the collective model to the household's continuous aggregate … assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the …
Persistent link: https://www.econbiz.de/10011279275
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household … bounds by applying revealed preference restrictions implied by the collective model to the household’s continuous aggregate … assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the …
Persistent link: https://www.econbiz.de/10010680874
Persistent link: https://www.econbiz.de/10010826328
Persistent link: https://www.econbiz.de/10010826329
The transferable utility hypothesis underlies important theoretical results in household economics. We provide a … revealed preference conditions that must be satisfied for observed household consumption behavior to be consistent with …
Persistent link: https://www.econbiz.de/10011145590