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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/10014054335
their choice has an externality on third parties. One typical application is a household. We run an experiment in the German … household member, but shy away from exposing others to risk. We model the situation, and we find four distinct types of …
Persistent link: https://www.econbiz.de/10011977828
production inefficiencies relate to consumption decisions and information sharing within the household. In a lab …-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do … further leads to sharp predictions. Joint contribution to a household public good compels spouses to make efficient production …
Persistent link: https://www.econbiz.de/10012168047
production inefficiencies relate to consumption decisions and information sharing within the household. In a lab …-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do … further leads to sharp predictions. Joint contribution to a household public good compels spouses to make efficient production …
Persistent link: https://www.econbiz.de/10012842042
Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is observed. We show that this result does not hold under the assumptions that unobserved prices and expenditures remain constant. These assumptions are naturally satisfied in laboratory...
Persistent link: https://www.econbiz.de/10011563010
A nonparametric approach is presented to test whether decisions on a probability simplex could be induced by quasiconcave preferences. Necessary and sufficient conditions are presented. If the answer is affirmative, the methods developed here allow to reconstruct bounds on indifference curves....
Persistent link: https://www.econbiz.de/10003950963
Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is observed. We show that this result does not hold under the assumptions that unobserved prices and expenditures remain constant. These assumptions are naturally satisfied in laboratory...
Persistent link: https://www.econbiz.de/10012979522
We conducted an experiment on the nature of income sharing within 95 established couples in Germany. In a first step, the partners revealed their individual preferences by making consumption choices independently. In a second step, decisions were taken jointly over five different rounds with...
Persistent link: https://www.econbiz.de/10010491099
We present the results of an experiment that measures social preferences within couples in a context where intra-household … pay-off inequality can be reduced at the cost of diminishing household income. We measure social norms regarding this …
Persistent link: https://www.econbiz.de/10010342891
This study aims to investigate intra-household bargaining outcomes elicited in an artefactual field experiment design … partners' preferences in the treatment group. We hypothesized that the spouse with weaker bargaining position at the household … may not be an effective medium to elicit bargaining power in the context of jointly-consumed household commodities …
Persistent link: https://www.econbiz.de/10012935373