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Is Spanish consumer behaviour consistent with the utility maximization? A non-parametric response

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  • Jose Alberto Molina

Abstract

The objective of this paper is to check Spanish data on consumption expenditures and leisure for consistency with maximization of a non-satiated, continuous, concave, monotonic utility function. To this end, we apply the non-parametric approach using annual time-series covering the period 1964 to 1992. The results indicate that Spanish data are consistent with the weak and generalized axioms of the revealed preference theory, that is to say, the sample national data are consistent with the neoclassical theory of consumer behaviour or, in other words, the hypothesis of stability of individual preferences is accepted.

Suggested Citation

  • Jose Alberto Molina, 1996. "Is Spanish consumer behaviour consistent with the utility maximization? A non-parametric response," Applied Economics Letters, Taylor & Francis Journals, vol. 3(4), pages 237-241.
  • Handle: RePEc:taf:apeclt:v:3:y:1996:i:4:p:237-241
    DOI: 10.1080/758520871
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    Citations

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    Cited by:

    1. Mora Gómez, Manuel & Mompel Lancina, David, 2019. "Cultura, educación y ocio en España: Estimaciones del Sistema de Demanda Casi Ideal y del Modelo de Rotterdam
      [Culture, education and laisure in Spain: Estimation of the Ideal demand system and Rot
      ," MPRA Paper 94477, University Library of Munich, Germany.
    2. Perchín Milián, Celia & Cañoto Martínez, Miguel, 2019. "Gastos Médicos en España: Estimaciones del Sistema de Demanda Casi Ideal y del Modelo de Rotterdam
      [Medical Expenses in Spain: Estimations of the Almost Ideal Demand System and of the Rotterdam Mod
      ," MPRA Paper 92400, University Library of Munich, Germany.
    3. Alcay, Alejandro & Escudero, Carlos, 2019. "Efectos de la renta y los precios en la demanda de alimentos: un análisis para el caso español 1980-2015
      [Efects of income and prices in food demand: an analysis for the Spanish case 1980-2015]
      ," MPRA Paper 92698, University Library of Munich, Germany.
    4. García, Lucia, 2018. "Demand behaviour in Spain during the last three decades: What is the ideal microeconomic model to represent consumer preferences?," MPRA Paper 87937, University Library of Munich, Germany.
    5. Magaña, Diego & Muñoz, Katherine, 2019. "¿Cuál es el modelo microeconómico ideal para representar las preferencias de los consumidores españoles en el periodo 1980-2015?: El caso de muebles, mobiliario y equipamiento
      [Which is the ideal m
      ," MPRA Paper 94604, University Library of Munich, Germany.
    6. Boldova, Daniel Miguel, 2019. "Efectos económicos de las leyes sobre la estructura familiar: Evidencia internacional del divorcio y la custodia
      [Economic effects of family structure laws: International evidence of divorce and cu
      ," MPRA Paper 96440, University Library of Munich, Germany.
    7. Miranda-Buetas, Sara & Gracia-Raluy, Elisa, 2019. "Análisis de los Patrones de Demanda en el Sector Textil Español
      [Demand Analysis of Clothing Sector in Spain]
      ," MPRA Paper 92430, University Library of Munich, Germany.
    8. garcia, juan manuel & alvarado enciso, alfredo, 2018. "Estimación de elasticidades de demanda de bienes y servicios en Perú mediante los métodos AIDS y QUAIDS
      [Estimating demand elasticities of goods and services in Peru using the AIDS and QUAIDS metho
      ," MPRA Paper 89282, University Library of Munich, Germany.
    9. Baigorri, Bárbara & Ledesma, Ana, 2019. "Rentas de vivienda y suministros en el hogar: Selección del modelo microeconómico ideal para representar las preferencias del consumidor
      [Household income and supplies in the home: Selection of the
      ," MPRA Paper 93265, University Library of Munich, Germany.
    10. García, Lucia & Velilla, Jorge, 2018. "Estimación del Modelo de Demanda de Rotterdam para España: evolución de las elasticidades
      [Estimation of the Rotterdam Model in Spain: the Evolution of Elasticities]
      ," MPRA Paper 88785, University Library of Munich, Germany.

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