Nonparametric Tests of Collectively Rational Consumption Behavior: An Integer Programming Procedure

Laurens Cherchye (), B. de Rock, Jeroen Sabbe () and F.M.P. Vermeulen
Additional contact information
F.M.P. Vermeulen: Tilburg University, Center for Economic Research

No 2008-2, Discussion Paper from Tilburg University, Center for Economic Research

Abstract: We present an IP-based nonparametric (revealed preference) testing proce- dure for rational consumption behavior in terms of general collective models, which include consumption externalities and public consumption. An empiri- cal application to data drawn from the Russia Longitudinal Monitoring Survey (RLMS) demonstrates the practical usefulness of the procedure. Finally, we present extensions of the testing procedure to evaluate the goodness-of-fit of the collective model subject to testing, and to quantify and improve the power of the corresponding collective rationality tests.

JEL-codes: D11 D12 C14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-ecm
Date: 2008
View citations in EconPapers

Downloads: (external link)
http://arno.uvt.nl/show.cgi?fid=68541 (application/pdf)

Related works:
Working Paper: Nonparametric Tests of Collectively Rational Consumption Behavior: an Integer Programming Procedure (2008)
Journal Article: Nonparametric tests of collectively rational consumption behavior: An integer programming procedure (2008)
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: http://EconPapers.repec.org/RePEc:dgr:kubcen:20082

Access Statistics for this paper

More papers in Discussion Paper from Tilburg University, Center for Economic Research
Series data maintained by Corry Stuyts ().