IMPROVING REVEALED PREFERENCE BOUNDS ON DEMAND RESPONSES*
نویسندگان
چکیده
منابع مشابه
Improving Revealed Preference Bounds on Demand Responses
There are three key dimensions by which revealed preference bounds on consumer demand responses to price variation can be improved. The first relates to the improvements that arise from using expansion paths for given relative prices, E-bounds. The second concerns the addition of new price information. Thirdly, there are improvements due to assuming separability. Our previous research has exami...
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A well known problem with revealed preference methods is that when data are found to satisfy their restrictions it is hard to know whether this should be viewed as a triumph for economic theory, or a warning that these conditions are so undemanding that almost anything goes. This paper allows researchers to make this distinction. Our approach builds on theoretical support in the form of an axio...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2007
ISSN: 0020-6598
DOI: 10.1111/j.1468-2354.2007.00460.x