Showing 1 - 10 of 809
We review a nonparametric "revealed preference" methodology for analyzing collective consumption behavior in practical applications. The methodology allows for accounting for externalities, public consumption, and the use of assignable quantity information in the consumption analysis. This...
Persistent link: https://www.econbiz.de/10010990811
We present an IP-based nonparametric (revealed preference) testing procedure for rational consumption behavior in terms of general collective models, which include consumption externalities and public consumption. An empirical application to data drawn from the Russia Longitudinal Monitoring...
Persistent link: https://www.econbiz.de/10012725822
Revealed preference restrictions are increasingly used to bound demand responses and as shape restrictions in nonparametric estimation exercises. However, the restrictions imposed are not sufficient for rationality when predictions are made at more than a single price regime. We highlight the...
Persistent link: https://www.econbiz.de/10011307801
An information-theoretic thought experiment is developed to provide a methodology for predicting endowment distributions in the absence of information on agent preferences. The allocation problem is first presented as a stylised knapsack problem. Although this knapsack allocation is intractable,...
Persistent link: https://www.econbiz.de/10008906061
In this paper we suggest a new efficient technique for solving integer knapsack problems. Our algorithms can be seen as application of Fast Fourier Transform to generating functions of integer polytopes. Using this approach, it is possible to count the number of boolean solutions of a single...
Persistent link: https://www.econbiz.de/10014066592
Persistent link: https://www.econbiz.de/10012587432
Persistent link: https://www.econbiz.de/10012631682
Persistent link: https://www.econbiz.de/10012652827
Persistent link: https://www.econbiz.de/10012513549
Persistent link: https://www.econbiz.de/10012630739