EconPapers    
Economics at your fingertips  
 

Testing consumer theory: evidence from a natural field experiment

Maja Adena (), Steffen Huck () and Imran Rasul ()

Journal of the Economic Science Association, 2017, vol. 3, issue 2, No 1, 89-108

Abstract: Abstract We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive margins, can be rationalized within a standard neoclassical choice model in which individuals have preferences, defined over own consumption and their contribution towards the charitable good, satisfying the axioms of revealed preference.

Keywords: Natural field experiment; Revealed preference (search for similar items in EconPapers)
JEL-codes: C93 D01 D12 D64 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40881-017-0040-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Journal Article: Testing consumer theory: evidence from a natural field experiment (2017) Downloads
Working Paper: Testing Consumer Theory: Evidence From a Natural Field Experiment (2017) Downloads
Working Paper: Testing consumer theory: Evidence from a natural field experiment (2017) Downloads
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:spr:jesaex:v:3:y:2017:i:2:d:10.1007_s40881-017-0040-3

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/40881

DOI: 10.1007/s40881-017-0040-3

Access Statistics for this article

Journal of the Economic Science Association is currently edited by Nikos Nikiforakis and Robert Slonim

More articles in Journal of the Economic Science Association from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2021-07-27
Handle: RePEc:spr:jesaex:v:3:y:2017:i:2:d:10.1007_s40881-017-0040-3