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Preferences estimation without approximation

Author

Listed:
  • Moawia, Alghalith

Abstract

We devise an estimation methodology which allows preferences estimation and comparative statics analysis without a reliance on Taylor’s approximations and the indirect utility function.

Suggested Citation

  • Moawia, Alghalith, 2009. "Preferences estimation without approximation," MPRA Paper 19309, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19309
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    File URL: https://mpra.ub.uni-muenchen.de/21948/1/MPRA_paper_21948.pdf
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    References listed on IDEAS

    as
    1. Chavas, Jean-Paul & Holt, Matthew T, 1996. "Economic Behavior under Uncertainty: A Joint Analysis of Risk Preferences and Technology," The Review of Economics and Statistics, MIT Press, vol. 78(2), pages 329-335, May.
    2. Kumbhakar, Subal C. & Tsionas, Efthymios G., 2005. "The Joint Measurement of Technical and Allocative Inefficiencies: An Application of Bayesian Inference in Nonlinear Random-Effects Models," Journal of the American Statistical Association, American Statistical Association, vol. 100, pages 736-747, September.
    3. Elie Appelbaum & Aman Ullah, 1997. "Estimation Of Moments And Production Decisions Under Uncertainty," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 631-637, November.
    4. Subal C. Kumbhakar & Efthymios G. Tsionas, 2008. "Estimation of input‐oriented technical efficiency using a nonhomogeneous stochastic production frontier model," Agricultural Economics, International Association of Agricultural Economists, vol. 38(1), pages 99-108, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    utility; risk; uncertainty; portfolio; production; estimation;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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