IDEAS home Printed from https://ideas.repec.org/a/kap/theord/v72y2012i2p245-256.html
   My bibliography  Save this article

Revealed preference tests for consistency with weakly separable indirect utility

Author

Listed:
  • Per Hjertstrand
  • James Swofford

Abstract

No abstract is available for this item.

Suggested Citation

  • Per Hjertstrand & James Swofford, 2012. "Revealed preference tests for consistency with weakly separable indirect utility," Theory and Decision, Springer, vol. 72(2), pages 245-256, February.
    • Handle: RePEc:kap:theord:v:72:y:2012:i:2:p:245-256
    DOI: 10.1007/s11238-010-9226-3
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11238-010-9226-3
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11238-010-9226-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Leigh Drake & Adrian R. Fleissig & James L. Swofford, 2003. "A Semi--nonparametric Approach to the Demand for UK Monetary Assets," Economica, London School of Economics and Political Science, vol. 70(277), pages 99-120, February.
    2. Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-973, July.
    3. A. Fostel & H. Scarf & M. Todd, 2004. "Two new proofs of Afriat’s theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(1), pages 211-219, July.
    4. Forges, Françoise & Minelli, Enrico, 2009. "Afriat's theorem for general budget sets," Journal of Economic Theory, Elsevier, vol. 144(1), pages 135-145, January.
    5. Barnhart, Scott W & Whitney, Gerald A, 1988. "Nonparametric Analysis in Parametric Estimation: An Application to Translog Demand Systems," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 149-153, February.
    6. GianCarlo Moschini, 2001. "A Flexible Multistage Demand System Based on Indirect Separability," Southern Economic Journal, John Wiley & Sons, vol. 68(1), pages 22-41, July.
    7. Szenberg, Michael & Ramrattan, Lall & Gottesman, Aron A. (ed.), 2006. "Samuelsonian Economics and the Twenty-First Century," OUP Catalogue, Oxford University Press, number 9780199298839, Decembrie.
    8. Apostolos Serletis & Asghar Shahmoradi, 2006. "Semi-Nonparametric Estimates of the Demand for Money in the United States," World Scientific Book Chapters, in: Money And The Economy, chapter 14, pages 278-298, World Scientific Publishing Co. Pte. Ltd..
    9. Gross, John, 1995. "Testing Data for Consistency with Revealed Preference," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 701-710, November.
    10. repec:eca:wpaper:2008_027 is not listed on IDEAS
    11. Donald J. Brown & Chris Shannon, 2000. "Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets," Econometrica, Econometric Society, vol. 68(6), pages 1529-1540, November.
    12. GianCarlo Moschini, 2001. "A Flexible Multistage Demand System Based on Indirect Separability," Southern Economic Journal, John Wiley & Sons, vol. 68(1), pages 22-41, July.
    13. Diewert, W. E. & Parkan, C., 1985. "Tests for the consistency of consumer data," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 127-147.
    14. Per Hjertstrand, 2007. "Food Demand in Sweden," International Symposia in Economic Theory and Econometrics, in: Functional Structure Inference, pages 157-182, Emerald Group Publishing Limited.
    15. Blackorby Charles & Russell R. Robert, 1994. "The Conjunction of Direct and Indirect Separability," Journal of Economic Theory, Elsevier, vol. 62(2), pages 480-498, April.
    16. Swofford, James L. & Whitney, Gerald A., 1994. "A revealed preference test for weakly separable utility maximization with incomplete adjustment," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 235-249.
    17. W. E. Diewert, 1973. "Afriat and Revealed Preference Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(3), pages 419-425.
    18. Swofford, James L & Whitney, Gerald A, 1987. "Nonparametric Tests of Utility Maximization and Weak Separability for Consumption, Leisure and Money," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 458-464, August.
    19. Sakai, Yasuhiro, 1977. "Revealed favorability, indirect utility, and direct utility," Journal of Economic Theory, Elsevier, vol. 14(1), pages 113-129, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram & Hjertstrand, Per, 2015. "Revealed preference tests for weak separability: An integer programming approach," Journal of Econometrics, Elsevier, vol. 186(1), pages 129-141.
    2. Demuynck, Thomas & Hjertstrand, Per, 2019. "Samuelson's Approach to Revealed Preference Theory: Some Recent Advances," Working Paper Series 1274, Research Institute of Industrial Economics.
    3. Hjertstrand, Per & Swofford, James L., 2019. "Revealed preference tests of indirect and homothetic weak separability of financial assets, consumption and leisure," Journal of Financial Stability, Elsevier, vol. 42(C), pages 108-114.
    4. Hjertstrand, Per, 2022. "Nonparametric Analysis of the Mixed-Demand Model," Working Paper Series 1430, Research Institute of Industrial Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram & Hjertstrand, Per, 2015. "Revealed preference tests for weak separability: An integer programming approach," Journal of Econometrics, Elsevier, vol. 186(1), pages 129-141.
    2. Ian Crawford & Bram De Rock, 2014. "Empirical Revealed Preference," Annual Review of Economics, Annual Reviews, vol. 6(1), pages 503-524, August.
    3. Demuynck, Thomas & Hjertstrand, Per, 2019. "Samuelson's Approach to Revealed Preference Theory: Some Recent Advances," Working Paper Series 1274, Research Institute of Industrial Economics.
    4. Fleissig, Adrian R. & Whitney, Gerald A., 2008. "A nonparametric test of weak separability and consumer preferences," Journal of Econometrics, Elsevier, vol. 147(2), pages 275-281, December.
    5. Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," Journal of Econometrics, Elsevier, vol. 147(2), pages 210-224, December.
    6. Laurens CHERCHYE & Ian CRAWFORD & Bram DE ROCK & Frederic VERMEULEN, 2011. "Aggregation without the aggravation? Nonparametric analysis of the representative consumer," Working Papers of Department of Economics, Leuven ces11.36, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    7. Chavas, Jean-Paul & Cox, Thomas L., 1997. "On nonparametric demand analysis," European Economic Review, Elsevier, vol. 41(1), pages 75-95, January.
    8. Ivar Ekeland & Alfred Galichon, 2013. "The housing problem and revealed preference theory: duality and an application," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(3), pages 425-441, November.
    9. Matthew Polisson, 2018. "A lattice test for additive separability," IFS Working Papers W18/08, Institute for Fiscal Studies.
    10. repec:hal:spmain:info:hdl:2441/5rkqqmvrn4tl22s9mc0o6ctj2 is not listed on IDEAS
    11. Hjertstrand, Per & Swofford, James L., 2019. "Revealed preference tests of indirect and homothetic weak separability of financial assets, consumption and leisure," Journal of Financial Stability, Elsevier, vol. 42(C), pages 108-114.
    12. Smeulders, Bart & Crama, Yves & Spieksma, Frits C.R., 2019. "Revealed preference theory: An algorithmic outlook," European Journal of Operational Research, Elsevier, vol. 272(3), pages 803-815.
    13. Yoram Halevy & Dotan Persitz & Lanny Zrill, 2018. "Parametric Recoverability of Preferences," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1558-1593.
    14. Hjertstrand, Per & Jones, Barry E., 2013. "What Do Revealed Preference Axioms Reveal about Elasticities of Demand?," Working Paper Series 972, Research Institute of Industrial Economics.
    15. Laurens Cherchye & Ian Crawford & Bram De Rock & Frederic Vermeulen, 2015. "Revealed Preference and Aggregation," Working Papers ECARES ECARES 2015-08, ULB -- Universite Libre de Bruxelles.
    16. Alan Beggs, 2021. "Afriat and arbitrage," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 167-176, October.
    17. Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2017. "Non-parametric bounds for non-convex preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 105-112.
    18. Thomas Demuynck & John Rehbeck, 2023. "Computing revealed preference goodness-of-fit measures with integer programming," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(4), pages 1175-1195, November.
    19. Polisson, Matthew & Renou, Ludovic, 2016. "Afriat’s Theorem and Samuelson’s ‘Eternal Darkness’," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 36-40.
    20. Gross, John, 1995. "Heterogeneity of preferences for local public goods: The case of private expenditure on public education," Journal of Public Economics, Elsevier, vol. 57(1), pages 103-127, May.
    21. Bergh , Andreas & Nilsson, Therese, 2008. "Do economic liberalization and globalization increase income inequality?," Working Papers 2008:12, Lund University, Department of Economics.

    More about this item

    Keywords

    Revealed preference; Indirect utility; Weak separability; C60; D11; D12;
    All these keywords.

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:theord:v:72:y:2012:i:2:p:245-256. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.