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Title: Nonparametric tests of collectively rational consumption behavior: an integer programming procedure
Authors: Cherchye, Laurens * ×
De Rock, Bram *
Sabbe, Jeroen
Vermeulen, Frederic #
Issue Date: Dec-2008
Series Title: Journal of econometrics vol:147 issue:2 pages:258-265
Abstract: We present an IP-based nonparametric (revealed preference) testing procedure for rational consumption behavior in terms of general collective models, which include consumption externalities and public consumption. An empirical application to data drawn from the Russia Longitudinal Monitoring Survey (RLMS) demonstrates the practical usefulness of the procedure. Finally, we present extensions of the testing procedure to evaluate the goodness of fit of the collective model subject to testing, and to quantify and improve the power of the corresponding collective rationality tests.
ISSN: 0304-4076
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Department of Economics, Leuven - miscellaneous
Faculty of Business and Economics, Campus Kulak Kortrijk – miscellaneous
Research Center of Public Economics, Leuven
* (joint) first author
× corresponding author
# (joint) last author

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