Showing 1 - 4 of 4
function. If a consumer is inconsistent with GARP, we might need a measure for the severity of inconsistency. One widely used …
Persistent link: https://www.econbiz.de/10010271072
Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn … from an approximate uniform distribution on the admissible region on each budget which ensures consistency with GARP, based … it can be used to approximate the power of tests for conditions for which GARP is a necessary but not sufficient …
Persistent link: https://www.econbiz.de/10010287336
function. If a consumer is inconsistent with GARP, we might need a measure for the severity of inconsistency. One widely used …
Persistent link: https://www.econbiz.de/10005561984
Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn … from an approximate uniform distribution on the admissible region on each budget which ensures consistency with GARP, based … it can be used to approximate the power of tests for conditions for which GARP is a necessary but not sufficient …
Persistent link: https://www.econbiz.de/10010558559