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This paper introduces the Stata commands checkax, aei, and powers as a bundle within the package rpaxioms. The first command allows the user to test whether consumer demand data satisfy a number of revealed preference axioms at a given efficiency level, the second command calculates measures of...
Persistent link: https://www.econbiz.de/10012615410
Persistent link: https://www.econbiz.de/10010493159
Persistent link: https://www.econbiz.de/10009743709
This paper introduces the Stata commands checkax, aei, and powers as a bundle within the package rpaxioms. The first command allows the user to test whether consumer demand data satisfy a number of revealed preference axioms at a given efficiency level, the second command calculates measures of...
Persistent link: https://www.econbiz.de/10012230075
Persistent link: https://www.econbiz.de/10011665574
This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for...
Persistent link: https://www.econbiz.de/10010785393