Showing 1 - 10 of 13,795
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
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 study the testability implications of public versus private consumption. The distinguishing feature of our approach is that we start from a revealed preference characterization of collectively rational behavior. Remarkably, we find that assumptions regarding the public or private nature of...
Persistent link: https://www.econbiz.de/10008727370
conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10008630054
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/10005822743
We provide a .first nonparametric (revealed preference) test of the collective consumption model on the basis of experimental data. By using nonparametric testing tools and experimental data, we avoid the usual problems associated with parametric tests (e.g. non-verifiable parametric structure)...
Persistent link: https://www.econbiz.de/10005418896
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