Testing for intertemporal nonseparability

Ian Crawford and Matthew Polisson

Journal of Mathematical Economics, 2014, vol. 52, issue C, 46-49

Abstract: This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for rational habit formation and rational anticipation. We show that these models are observationally equivalent in the presence of finite data sets composed of prices, interest rates, and consumption choices.

Keywords: Anticipation; Habits; Revealed preference; Time separability (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406814000469
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Testing for intertemporal nonseparability (2013)
Working Paper: Testing for Intertemporal Nonseparability (2013)
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:eee:mateco:v:52:y:2014:i:c:p:46-49

DOI: 10.1016/j.jmateco.2014.03.007

Access Statistics for this article

Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii

More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().