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

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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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  • Yong Sakong & Dermot J. Hayes, 1992. "Test for the Consistency of Demand Data with Consumer Preference Theory, A," Center for Agricultural and Rural Development (CARD) Publications 92-wp87, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:92-wp87
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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), 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), October.

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