Revealed Price Preference: Theory and Stochastic Testing
Rahul Deb,
Yuichi Kitamura (),
John Quah and
Jörg Stoye
Additional contact information
Yuichi Kitamura: Cowles Foundation, Yale University, https://economics.yale.edu/people/faculty/yuichi-kitamura
No 2087, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University
Abstract:
We develop a model of demand where consumers trade-off the utility of consumption against the disutility of expenditure. This model is appropriate whenever a consumer�s demand over a strict subset of all available goods is being analyzed. Data sets consistent with this model are characterized by the absence of revealed preference cycles over prices. The model is readily generalized to the random utility setting, for which we develop nonparametric statistical tests. Our application on national household consumption data provides support for the model.
Pages: 37 pages
Date: 2017-05
New Economics Papers: this item is included in nep-ecm, nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)
Downloads: (external link)
https://cowles.yale.edu/sites/default/files/files/pub/d20/d2087.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Related works:
Working Paper: Revealed Price Preference: Theory and Stochastic Testing (2017) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:2087
Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.
Access Statistics for this paper
More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Brittany Ladd ().