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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 …
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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. -- Collective model ; consumption ; Pareto …
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