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A Test for the Consistency of Demand Data with Consumer Preference Theory

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  • Sakong, Yong
  • Hayes, Dermot J.

Abstract

We introduce adding-up, convexity, and noninferiority into the weak axiom of revealed preferences and show how we can use this approach to detect and measure structural change without estimation or subjective input. We use this new approach to measure taste changes among meats for the United States, Canada, Japan, and South Korea.
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Suggested Citation

  • Sakong, Yong & Hayes, Dermot J., 1991. "A Test for the Consistency of Demand Data with Consumer Preference Theory," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271249, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271249
    DOI: 10.22004/ag.econ.271249
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    References listed on IDEAS

    as
    1. Thomas I. Wahl & Dermot J. Hayes & Gary W. Williams, 1991. "Dynamic Adjustment in the Japanese Livestock Industry Under Beef Import Liberalization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(1), pages 118-132.
    2. Van Kooten, G. C., 1987. "The Economic Impacts on Consumers of Government Intervention in the Poultry and Egg Sectors: A Comparison of Alternative Welfare Measures," Working Papers 243873, Agriculture and Agri-Food Canada.
    3. Thomas I. Wahl & Dermot J. Hayes, 1990. "Demand System Estimation with Upward-Sloping Supply," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 38(1), pages 107-122, March.
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    Cited by:

    1. Hallam, Arne, 1992. "A Brief Overview Of Nonparametric Methods In Economics," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 21(2), pages 1-15, October.
    2. Alston, Julian M. & Chalfant, James A., 1992. "Consumer Demand Analysis According To Garp," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 21(2), pages 1-15, October.

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