Showing 1 - 10 of 57
We develop a revealed preference approach to analyze non-unitary con- sumption models with intrahousehold allocations deviating from the cooper- ative (or Pareto e¢ cient) solution. At a theoretical level, we establish re- vealed preference conditions of household consumption models with...
Persistent link: https://www.econbiz.de/10011090797
We present a household consumption model that accounts for caring house- hold members, while allowing for noncooperative behavior in decisions on pub- lic goods. The intrahousehold consumption outcome critically depends on the degree of caring between the household members. By varying the degree...
Persistent link: https://www.econbiz.de/10011092325
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic models. First, we establish revealed preference conditions that must be satisfied for observed group behavior to be consistent with Pareto efficiency under transferable utility....
Persistent link: https://www.econbiz.de/10011092784
Many theories of consumer demand impose specific properties on the preference relations, e.g. convexity, monotonicity or homotheticity. Existing nonparametric tests which allow us to single out the preference relations that do not satisfy these properties are only valid in very specific...
Persistent link: https://www.econbiz.de/10004982837
The incorporation of small mutation rates has significantly improved the predictive capacity of evolutionary models. Bergin and Lipman [1996], however, demonstrate that this improvement depends entirely on the nature of the mutation process. We provide a constructive corroboration of their...
Persistent link: https://www.econbiz.de/10004982941
To test the joint hypothesis that players in a noncooperative game (allowing mixed strategies) maximize expected utilities and select a Nash equilibrium, it suffices to study the reaction of the revealed collective choice upon changes in the space of strategies available to the players. The...
Persistent link: https://www.econbiz.de/10004982975
We develop a general equilibrium model to analyse the impact of the international commodity prices on civil conflict. We focus on the specific labour market context of underdeveloped rural sub-Saharan African areas where highly valuable and easily appropriable natural resources constitute the...
Persistent link: https://www.econbiz.de/10004983047
We introduce an Absolute (Relative) Time-consistent Axiom of Revealed Preference which characterizes the consistency of a choice function with the property of absolute (relative) time-consistency and impatience. The axiom requires that the absolute (relative) time-consistent and impatient...
Persistent link: https://www.econbiz.de/10004983099
This note focuses on the use of utility monotonic perturbations as a means of modelling the mutation process in evolutionary models. We show that a game has a detailed balanced and utility monotonic perturbation if and only if it is an ordinal potential game. We also show that utility...
Persistent link: https://www.econbiz.de/10004983114
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Persistent link: https://www.econbiz.de/10004993552