Is Spanish consumer behaviour consistent with the utility maximization? A non-parametric response

José Alberto Molina

Applied Economics Letters, 1996, vol. 3, issue 4, 237-241

Abstract: The objective of this paper is to check Spanish data on consumption expenditures and leisure for consistency with maximization of a non-satiated, continuous, concave, monotonic utility function. To this end, we apply the non-parametric approach using annual time-series covering the period 1964 to 1992. The results indicate that Spanish data are consistent with the weak and generalized axioms of the revealed preference theory, that is to say, the sample national data are consistent with the neoclassical theory of consumer behaviour or, in other words, the hypothesis of stability of individual preferences is accepted.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:apeclt:v:3:y:1996:i:4:p:237-241

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/758520871

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().