Revealed Preference Tests of Collectively Rational Consumption Behavior: Formulations and Algorithms
研究家庭消费的集体模型显示偏好检验,指出检验集体理性的决策问题是NP完全的,并提出基于混合整数规划的精确算法和模拟退火启发式算法,分别适用于中等和大型数据集,并用荷兰劳动供给数据验证。
This paper focuses on revealed preference tests of the collective model of household consumption. We start by showing that the decision problems corresponding to testing collective rationality are NP-complete. This makes the application of these tests problematic for (increasingly available) large(r)-scale data sets. We then present two approaches to overcome this negative result. First, we introduce exact algorithms based on mixed-integer programming (MIP) formulations of the collective rationality tests, which can be usefully applied to medium-sized data sets. Next, we propose simulated annealing heuristics, which allow for efficient testing of the collective model in the case of large data sets. We illustrate our methods by a number of computational experiments based on Dutch labor supply data.