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Consumer Demand Analysis According To Garp

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Author Info
Alston, Julian M.
Chalfant, James A.

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Abstract

The nonparametric approach to consumer-demand analysis-based on revealed-preference axioms-is reviewed. Particular attention is paid to questions of size and power of tests for consistency of data with the existence of a stable, well-behaved utility function that could have generated the data. An application to Australian meat demand is used to show how these notions can be quantified and how prior information about elasticities, following Sakong and Hayes, may be used to increase the power of the approach.

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File URL: http://purl.umn.edu/28992
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Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

Volume (Year): 21 (1992)
Issue (Month): 2 (October)
Pages:
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Handle: RePEc:ags:nejare:28992

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Martin, Will & Porter, Darrell, 1985. "Testing For Changes In The Structure Of The Demand For Meat In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(01), April. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Cortez, Rafael & Senauer, Ben, 1994. "Taste Changes In The Demand For Food By Demographic Groups In The United States: A Nonparametric Empirical Analysis," Staff Papers 14091, University of Minnesota, Department of Applied Economics. [Downloadable!]
  2. Abid A. Burki, 1997. "Estimating Consumer Preferences for Food, Using Time Series Data of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(2), pages 131-153. [Downloadable!]
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This page was last updated on 2009-12-26.

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