GARP violation, Economic Environment Distortions and Shadow Prices: Evidence from Household Expenditure Panel Data

Marc-Arthur Diaye (), François Gardes () and Christophe Starzec ()
Additional contact information
Marc-Arthur Diaye: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
François Gardes: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Christophe Starzec: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: This paper contributes to the discussion of the compatibility of consumers' behavior in "real" life with GARP. Within expenditure panel data we observe a relatively low rate of violation (240 out of 3630 households). We show that these violations do not imply an "irrational" behavior of the agents, but can be attributed to a change in the agents' choice conditions during a period of time, which includes a shift from a centrally planned towards a market oriented economy.

Keywords: Shadow prices.; Prix virtuels; GARP; Prix virtuels. (search for similar items in EconPapers)
Date: 2010-01-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00449463
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Annales d'Economie et de Statistique, 2010, Avril-Juin 2008 (90), pp.3-33

Downloads: (external link)
https://shs.hal.science/halshs-00449463/document (application/pdf)

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:hal:journl:halshs-00449463

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().