IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v77y1995i4p701-10.html
   My bibliography  Save this article

Testing Data for Consistency with Revealed Preference

Author

Listed:
  • Gross, John

Abstract

The author develops a method of hypothesis testing for revealed preference tests. This method is particularly well suited to tests of commonality of tastes or tests of preference stability. He devises a metric based on an estimate of the fraction of expenditure wasted in maximizing utility if all consumers in the sample share the same utility function. This metric increases in size with increases in the proportion of observations having different tastes and with increasing differences in tastes. The author proposes bootstrap methods for estimating the distribution of the test statistic. Copyright 1995 by MIT Press.

Suggested Citation

  • Gross, John, 1995. "Testing Data for Consistency with Revealed Preference," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 701-710, November.
    • Handle: RePEc:tpr:restat:v:77:y:1995:i:4:p:701-10
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28199511%2977%3A4%3C701%3ATDFCWR%3E2.0.CO%3B2-J&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:77:y:1995:i:4:p:701-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.