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The transferable utility hypothesis underlies important theoretical results in household economics. We provide a revealed preference framework for bringing this (theoretically appealing) hypothesis to observational data. We establish revealed preference conditions that must be satisfied for...
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
This paper proposes a new method of obtaining identification in mismeasured regressor models, triangular systems, and simultaneous equation systems. The method may be used in applications where other sources of identification such as instrumental variables or repeated measurements are not...
Persistent link: https://www.econbiz.de/10005074046
In response to the Deaton and Dreze (2009) explanation of a downward shift in the calorie Engel curve in terms of lower requirements due to health improvements and lower activity levels in India, we develop an alternative explanation embedded in a standard demand theory framework, with food...
Persistent link: https://www.econbiz.de/10010551717
In response to the Deaton and Dreze (2009) explanation of a downward shift in the calorie Engel curve in terms of lower requirements due to health improvements and lower activity levels in India, we develop an alternative explanation embedded in a standard demand theory framework, with food...
Persistent link: https://www.econbiz.de/10010640541
This paper focuses on the Indian experience with dietary changes, their nutritional implications, and policy response to alleviate nutritional deprivation. We review the evidence on nutrient intake and dietary changes, particularly the downward shift in calorie, protein and other nutrient intake...
Persistent link: https://www.econbiz.de/10014187507
This chapter focuses on the Indian experience with dietary changes, their nutritional implications, and policy response to alleviate nutritional deprivation. We review the evidence on nutrient intake and dietary changes, particularly the downward shift in calorie, protein and other nutrient...
Persistent link: https://www.econbiz.de/10008861947
Building on a recent important contribution by Deaton and Dreze (2009), our analysis sheds new light on why the calorie Engel curve shifted down-especially in rural India- over the period 1993–2004. The puzzle for the longer period analysed by Deaton and Dreze (2009) is that despite higher...
Persistent link: https://www.econbiz.de/10008457224
In response to the Deaton–Dreze (2009) explanation of a downward shift in the calorie Engel curve in terms of lower requirements due to health improvements and lower activity levels, we have developed an alternative explanation of changes in the consumption of calories, protein and fats over...
Persistent link: https://www.econbiz.de/10008466139
Taxes on housing consumption have attractive features. They can enhance overall efficiency, function as automatic stabilizers, and work progressively. Implementation, however, requires a careful balance between economic ambition and political reality. This article suggests a 5-stage procedure:...
Persistent link: https://www.econbiz.de/10011968366