Title: The collective model of household consumption: A nonparametric characterization
Authors: Cherchye, Laurens ×
De Rock, Bram
Vermeulen, Frederic #
Issue Date: Mar-2007
Publisher: Blackwell publishing
Series Title: Econometrica vol:75 issue:2 pages:553-574
Abstract: We provide a nonparametric characterization of a general collective model for household consumption, which includes externalities and public consumption. Next, we establish testable necessary and sufficient conditions for data consistency with collective rationality that only include observed price and quantity information. These conditions have a similar structure as the generalized axiom of revealed preference for the unitary model, which is convenient from a testing point of view. In addition, we derive the minimum number of goods and observations that enable the rejection of collectively rational household behavior.
ISSN: 0012-9682
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Faculty of Business and Economics, Campus Kulak Kortrijk – miscellaneous
Department of Economics, Leuven - miscellaneous
Research Center of Public Economics, Leuven
× corresponding author
# (joint) last author

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