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The Priced Survey Methodology: Theory

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Abstract

In this paper, I introduce a novel methodology to conduct surveys. The priced survey methodology (PSM). Like standard surveys, priced surveys are easy to implement, and measure social preferences on numerical scales. The PSM's design draws inspiration from consumption choice experiments, as respondents fill out the same survey several times under different choice sets. I extend Afriat's theorem and show that the Generalized Axiom of Revealed Preferences is necessary and sufficient for the existence of a concave, continuous, and single-peaked utility function rationalizing answers to the PSM. I apply the PSM to a sample of online participants and show that most respondents are rational when answering the PSM. I estimate respondents' single-peaked utility functions and draw several implications on their social preferences.

Suggested Citation

  • Avner Seror, 2023. "The Priced Survey Methodology: Theory," AMSE Working Papers 2330, Aix-Marseille School of Economics, France.
    • Handle: RePEc:aim:wpaimx:2330
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    References listed on IDEAS

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    1. Laurens Cherchye & Bram De Rock & Frederic Vermeulen, 2011. "The Revealed Preference Approach to Collective Consumption Behaviour: Testing and Sharing Rule Recovery," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(1), pages 176-198.
    2. Forges, Françoise & Minelli, Enrico, 2009. "Afriat's theorem for general budget sets," Journal of Economic Theory, Elsevier, vol. 144(1), pages 135-145, January.
    3. Cherchye, Laurens & De Rock, Bram & Vermeulen, Frederic, 2010. "An Afriat Theorem for the collective model of household consumption," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1142-1163, May.
    4. Hiroki Nishimura & Efe A. Ok & John K.-H. Quah, 2017. "A Comprehensive Approach to Revealed Preference Theory," American Economic Review, American Economic Association, vol. 107(4), pages 1239-1263, April.
    5. repec:dau:papers:123456789/4099 is not listed on IDEAS
    6. Laurens Cherchye & Bram De Rock & Frederic Vermeulen, 2011. "The Revealed Preference Approach to Collective Consumption Behaviour: Testing and Sharing Rule Recovery," Review of Economic Studies, Oxford University Press, vol. 78(1), pages 176-198.
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    More about this item

    Keywords

    Decision Theory; revealed preference; Social Preferences; Behavioral Economics; survey;
    All these keywords.

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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