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Homothetic efficiency : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2014

efficiency. Homotheticity is a useful restriction or assumption but data rarely satisfy testable conditions. To overcome this … problem, this article provides a way to estimate homothetic efficiency of consumption choices by consumers. The basic … efficiency index suggested is similar to Afriat’s (1972) efficiency index and Varian’s (1993) violation index. It generalises …

Persistent link: https://www.econbiz.de/10010399444

Homothetic efficiency and test power : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2015

We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency … homothetic efficiency of consumption choices. It generalises Heufer's (2013) two-dimensional concept to arbitrary dimensions and …

Persistent link: https://www.econbiz.de/10010532589

Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable

Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022

Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...

Persistent link: https://www.econbiz.de/10012817856