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conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10013153659
conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10013149448
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/10013129058
The transferable utility hypothesis underlies important theoretical results in household economics. We provide a … revealed preference conditions that must be satisfied for observed household consumption behavior to be consistent with …
Persistent link: https://www.econbiz.de/10011674052
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/10014185457
Persistent link: https://www.econbiz.de/10001561889
Persistent link: https://www.econbiz.de/10013354766
We study the asymptotic distribution of Tikhonov Regularized estimation of quantile structural effects implied by a nonseparable model. The nonparametric instrumental variable estimator is based on a minimum distance principle. We show that the minimum distance problem without regularization is...
Persistent link: https://www.econbiz.de/10003961394
programming and cooperative game theory. While linear programming establishes insight in optimal farm plans for farmers that … cooperate, game theory is used to generate fair divisions of the extra gain that is established by cooperation.The model is … the individual gross margins. To divide these gains, we consider four established solution concepts from game theory that …
Persistent link: https://www.econbiz.de/10012723805
Persistent link: https://www.econbiz.de/10003752487