We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …

being. They are Hicksian equivalents in that the price changes yield the same utility changes as would the quantity or …

This paper studies when stochastic choices are consistent with behavior from Bayesian expected utility maximization and … there is no random deviation rule that improves ex-ante expected utility for all possible information structures consistent …

lines that are consistent in terms of utility, or for capabilities more generally. The theory of revealed preference offers … testable implications of utility consistency for quot;poverty basketsquot; under homogeneous preferences. A case study of …