Economie expérimentale et modèle intertemporel du consommateur

Aurelio Mattei

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: This paper reports the results of an experiment on the intertemporal model of consumer behavior with perfect foresight. A test using the theory of revealed preference show that a significant number of individuals have an inconsistent behavior. However, the average data are consistent with the behavior of a representative consumer. The estimation of the elasticity of intertemporal substitution shows that a rise in the interest rate has an important effect on consumption. Earlier findings using average cohort data are confirmed.

Keywords: consumer theory; experimental economics; revealed preference; intertemporal model; elasticity of intertemporal substitution (search for similar items in EconPapers)
JEL-codes: C91 D91 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1998-09
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Published in Revue Suisse d'Economie politique et Statistique, vol. 135 (4), déc. 1999, pp. 591-605

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Journal Article: Economie expérimentale et modèle intertemporel du consommateur (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:lau:crdeep:9813

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