Revealed Price Preference: Theory and Stochastic Testing
Revealed Price Preference: Theory and Stochastic Testing
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显示的价格偏好：理论和随机测试
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
Jörg Stoye
中科院分区：
文献类型：
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作者：
R. Deb;Y. Kitamura;J. Quah;Jörg Stoye
我们开发了一个需求模型，其中消费者在消费的效用与支出的负效用之间进行权衡。当分析消费者对所有可用商品的严格子集的需求时，此模型是合适的。与该模型一致的数据集的特点是没有揭示价格的偏好周期。该模型很容易推广到随机效用设置，为此我们开发了非参数统计检验。我们用全国居民消费数据为模型提供了支持。
We develop a model of demand where consumers trade-off the utility of consumption against the disutility of expenditure. This model is appropriate whenever a consumer’s demand over a strict subset of all available goods is being analyzed. Data sets consistent with this model are characterized by the absence of revealed preference cycles over prices. The model is readily generalized to the random utility setting, for which we develop nonparametric statistical tests. Our application on national household consumption data provides support for the model.