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: Université d'Evry Val d'Essonne - EPEE & Centre d'Economie de la Sorbonne

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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: GARP; shadow prices (search for similar items in EconPapers)
JEL-codes: C14 D11 D12 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2009-04
New Economics Papers: this item is included in nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
ftp://mse.univ-paris1.fr/pub/mse/CES2009/09020.pdf (application/pdf)

Related works:
Working Paper: GARP violation, Economic Environment Distortions and Shadow Prices: Evidence from Household Expenditure Panel Data (2010)
Working Paper: GARP violation, Economic Environment Distortions and Shadow Prices: Evidence from Household Expenditure Panel Data (2009)
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:mse:cesdoc:09020

Access Statistics for this paper

More papers in Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne Contact information at EDIRC.
Bibliographic data for series maintained by Lucie Label ().