A Household-Based, Nonparametric Test of Demand Theory
首次将需求理论的非参数检验应用于家庭宏观数据,通过计算违反广义显示偏好公理的消费组合比例,评估数据与优化行为假设的一致性,发现相似家庭的消费选择与预算约束基本一致。
A nonparametric test of demand theory, determining the consistency of price-expenditure data with the generalized axiom of revealed preference, is applied to household macroeconomic data for the first time. The fraction of consumption bundle comparisons that violate the generalized axiom of revealed preference is proposed as a summary statistic to indicate the consistency of a data set with revealed preference axioms. This violation rate is calculated among consumption pairs with similar expenditures to increase the power of the test. The results suggest that similar households' consumption choices and budget constraints are generally consistent with the joint hypotheses of optimizing behavior and common preferences. Copyright 1995 by MIT Press.