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Revealed Preference and Time Series Analyses of U.S. Macroeconomic Aggregates
Maia Filho, Luiz Flavio - 2004
conclusions on the overall GARP-consistency of data and on weak separability of particular aggregates are affected by the … significant losses of information about the dynamic behavior of higher-frequency data. The power of the GARP test in datasets of … power of the GARP test. Finally, we apply Varian's tools to study for the first time a dataset including the value of …
Persistent link: https://www.econbiz.de/10009431210
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Why Do Popular Mechanisms Lack Efficiency in Random Environments?
Kesten, Onur - 2009
We consider the problem of randomly assigning n indivisible objects to n agents. Recent research introduced a promising mechanism, the probabilistic serial that has superior efficiency properties than the most common real-life mechanism random priority. On the other hand, mechanisms based on...
Persistent link: https://www.econbiz.de/10009440996
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Regrouping of endowments in exchange markets with indivisible goods
Dimitrov, Dinko; Haake, Claus-Jochen - 2005
In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of...
Persistent link: https://www.econbiz.de/10009452478
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A Methodological Case Study on the Theory of Demand
Müller, Olaf L. - 2005
My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …
Persistent link: https://www.econbiz.de/10009467037
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Employing Travel Time to Compare the Value of Competing Cultural Organizations
Boter, Jaap; Rouwendal, Jan; Wedel, Michel - 2005
A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...
Persistent link: https://www.econbiz.de/10009477025
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Developing a passenger mode choice model for Brisbane using the South East Queensland travel surveys
Khan, Omer A.; Kruger, Jason; Trivedi, Tejas - 2007
This paper presents the methodology used in developing a fully-functional mode choice module capability to be incorporated into the Brisbane Strategic Transport Model (BSTM); capable of estimating mode shares in a multi-modal travel environment. The new mode choice module consists of unique...
Persistent link: https://www.econbiz.de/10009437745
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What's the Use? Welfare Estimates from Revealed Preference Models when Weak Complementarity does not Hold
Herriges, Joseph A.; Kling, Catherine L.; Phaneuf, Daniel J. - 2000
The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the “use” value associated with environmental amenities; i.e., that portion of value associated with direct use of a resource....
Persistent link: https://www.econbiz.de/10009443101
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Hedonic Valuation of Sportfishing Harvest
Carter, David W.; Liese, Christopher - 2010
A hedonic valuation strategy is introduced to estimate the marginal value of sportfishing harvest. The strategy uses market prices, thereby avoiding some of the measurement problems associated with the constructed or proxy prices used in common valuation methods. A charter fee hedonic equation...
Persistent link: https://www.econbiz.de/10009444584
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Spanish Wine Consumer Behaviour: A Stated and Revealed Preferences Analysis
Nadhem, Mtimet; Miguel, Albisu Luis - 2007
Overall wine consumption in Spain is decreasing while, at the same time,Designation of Origin (DO) wine consumption is increasing gradually. This studyexamines Spanish DO wine consumer behaviour through stated preferences (SP) andrevealed preferences (RP) data. Part-worth utilities are...
Persistent link: https://www.econbiz.de/10009445011
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Valuing Beach Access and Width with Revealed and Stated Preference Data
Whitehead, John C.; Dumas, Christopher F.; Herstine, Jim; … - 2008
In this article we present results from a study of recreation demandfor southern North Carolina beaches. We combine revealed preference andstated preference data in order to estimate the changes in recreation demandthat might occur with beach nourishment and parking improvements necessaryto...
Persistent link: https://www.econbiz.de/10009446444