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Download or read book Revealed Preference Tests of Collectively Rational Consumption Behavior written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (29 download)
Download or read book The Revealed Preference Approach to Collective Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (212 download)
Download or read book Nonparametric Tests of Collectively Rational Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (2 download)
Download or read book The Revealed Preference Approach to Collective Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric necessary and sufficient condition for collectively rational group behavior that incorporates the possibility of assignable quantity information. This characterizes collective rationality in terms of feasible personalized prices, personalized quantities and income shares (representing the underlying sharing rule). Subsequently, we present nonparametric testing tools for data consistency with special cases of the collective model, which impose specific structure on the preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing tools in turn allow for nonparametrically recovering (bounds on) feasible personalized prices, personalized quantities and income shares that underlie observed (collectively rational) group behavior. In addition, we present formally similar testing and recovery tools for the general collective consumption model, which imposes minimal a priori structure. Interestingly, the proposed testing and recovery methodology can be implemented through integer programming (IP and MILP), which is attractive for practical applications. Finally, while we argue that assignable quantity information generally entails more powerful recovery results, we also demonstrate that precise nonparametric recovery (i.e. tight bounds) can be obtained even if no assignable quantity information is available"--Forschungsinstitut zur Zukunft der Arbeit web site.
Author :
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (837 download)
Download or read book Heuristics for Deciding Collectively Rational Consumption Behavior written by and published by . This book was released on 2008 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (837 download)
Download or read book The Revealed Preference Approach to Collective Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2009 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Choice and Revealed Bounded Rationality written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sabrina Bruyneel
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (91 download)
Download or read book Modeling Collective Rationality written by Sabrina Bruyneel and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William David Anthony Bryant
Publisher : World Scientific
ISBN 13 : 9811254729
Total Pages : 779 pages
Book Rating : 4.8/5 (112 download)
Download or read book Lectures In The Microeconomics Of Choice: Foundations, Consumers, And Producers written by William David Anthony Bryant and published by World Scientific. This book was released on 2023-02-17 with total page 779 pages. Available in PDF, EPUB and Kindle. Book excerpt: People pursue their own interests, whatever those interests might be. Some people have interests that are narrow and selfish, while others have interests that are broad and altruistic. The idea that people are self-interested underpins all of economic analysis and raises two fundamental questions: 1. How do people choose the actions they think will further their own interests? 2. Can the potentially conflicting interests of different people be made to 'mesh' in some sort of socio-economic equilibrium? This book is devoted to a detailed study of the first question. Its Companion Volume (Economy-Wide Microeconomics: Equilibrium, Optimality, Applications and Tests) makes a detailed study of the second question.Following some foundational remarks, this book studies the Arrow-Debreu theory of consumer choice. That theory supposes people choose so as to maximize a complete, continuous, transitive, and reflexive binary preference relation over a non-empty and compact choice set. The book then studies numerous refinements, generalizations and extensions of each of these restrictions — up to and including recent work on Behavioral theories of choice and choice behaviour when preferences are intransitive/incomplete/discontinuous. Also considered is choice behaviour in environments that are not necessarily compact. A study is also made of intertemporal choice and choice under uncertainty. The study of Arrow-Debreu choice theory and its extensions are presented from the Primal, Dual, and Revealed Preference points of view.Consumers are not the only agents in the economy, as Producers are present as well. Beginning with a study of the Arrow-Debreu idea that producers choose from a convex production set so as to maximize profit, the book considers extensions and generalizations of this framework, particularly to non-convex environments. The study is presented from the Primal and Dual points of view.The final chapter in the book provides a link to its Companion Volume. The Chapter indicates how the theories of consumer and producer choice studied here help inform answers of the second question posed above.Resources are available to instructors who adopt this book. More details at www.worldscientific.com/worldscibooks/10.1142/12789-sm
Author : Daniel Slottje
Publisher : Emerald Group Publishing
ISBN 13 : 1848553137
Total Pages : 300 pages
Book Rating : 4.8/5 (485 download)
Download or read book Quantifying Consumer Preferences written by Daniel Slottje and published by Emerald Group Publishing. This book was released on 2009-05-21 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand studies and understanding consumer behavior remain two of the most important areas of analysis by practicing applied economists and econometricians. This book presents research on the estimation of demand systems and the measurement of consumer preferences.
Author : Igor B. Petrov
Publisher : Springer
ISBN 13 : 3030062287
Total Pages : 346 pages
Book Rating : 4.0/5 (3 download)
Download or read book Smart Modeling for Engineering Systems written by Igor B. Petrov and published by Springer. This book was released on 2019-01-08 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the work of several world-class researchers on smart modeling of complex systems. The contributions are grouped into the four main categories listed below. · Numerical schemes construction for the solution of partial differential equations. · Numerical methods in continuum media mechanics problems. · Mathematical modeling in aerodynamics, plasma physics, deformable body mechanics, and geological hydrocarbon exploration. · Mathematical modeling in medical applications. The book offers a valuable resource for theoreticians and application scientists and engineers, as well as postgraduate students, in the fields of computational methods, numerical experiments, parallel algorithms, deformable solid bodies, seismic stability, seismic prospecting, migration, elastic and acoustic wave investigation, gas dynamics, astrophysics, aerodynamics, fluid dynamics, turbulent flows, hypersonic flows, detonation waves, composite materials, fracture mechanics, melting of metals, mathematical economics, medicine, and biology.
Author : Laurens Cherchye
Publisher : Foundations & Trends
ISBN 13 : 9781601985361
Total Pages : 90 pages
Book Rating : 4.9/5 (853 download)
Download or read book Collective Household Consumption Behavior written by Laurens Cherchye and published by Foundations & Trends. This book was released on 2012-03 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective Household Consumption Behavior: Revealed Preference Analysis presents a nonparametric `revealed preference' methodology for analyzing collective consumption behavior in practical applications, while possibly accounting for externalities, public consumption and the use of assignable quantity information. Collective Household Consumption Behavior: Revealed Preference Analysis considers two types of collective models: The general collective model considers general preferences of the individual household members, which allow for externalities and public consumption within the household. The special collective models that do not allow for consumption externalities. After the introduction, section 2 sets the stage by introducing the revealed preference characterizations of the unitary model. Section 3 presents a collective model that allows for general individual preferences and discusses its revealed preference characterization. Sections 4 and 5 show how to bring this theoretical characterization to observational data. More specifically, Section 4 introduces the mixed integer programming characterizations for special collective models that impose restrictions on the household members' preferences. Section 5 does the same for the general collective model. Throughout Section 2 to Section 5, the authors illustrate the most relevant concepts by means of numerical examples. In Section 6 we subsequently illustrate our main results for data drawn from the Russian Longitudinal Monitoring Survey.
Author : Martin Browning
Publisher : Cambridge University Press
ISBN 13 : 0521791596
Total Pages : 511 pages
Book Rating : 4.5/5 (217 download)
Download or read book Economics of the Family written by Martin Browning and published by Cambridge University Press. This book was released on 2014-06-05 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. It is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
Author : Christopher P. Chambers
Publisher : Cambridge University Press
ISBN 13 : 1107087805
Total Pages : 241 pages
Book Rating : 4.1/5 (7 download)
Download or read book Revealed Preference Theory written by Christopher P. Chambers and published by Cambridge University Press. This book was released on 2016-01-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of revealed preference has a long, distinguished tradition in economics but lacked a systematic presentation of the theory until now. This book deals with basic questions in economic theory and studies situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.
Author : Bo Chen
Publisher : Springer
ISBN 13 : 3642143555
Total Pages : 345 pages
Book Rating : 4.6/5 (421 download)
Download or read book Algorithmic Aspects in Information and Management written by Bo Chen and published by Springer. This book was released on 2010-06-26 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the areas of information management and management science are full of algorithmic challenges, the proliferation of data has called for the design of e?cient and e?ective algorithms and data structures for their management and processing. The International Conference on Algorithmic Aspects in Information and Management(AAIM) is intended for originalalgorithmicresearchon immediate applications and/or fundamental problems pertinent to information mana- ment and management science to be broadly construed. The conference aims at bringing together researchers in computer science, operations research, applied mathematics, economics, and related disciplines. This volume contains papers presented at AAIM 2010: the 6th International Conference on Algorithmic Aspects in Information and Management, which was held during July 19-21, 2010, in Weihai, China. We received a total of 50 s- missions.Eachsubmissionwasreviewedbythreemembersof the ProgramC- mittee or their deputies on the quality, originality, soundness, and signi?cance of its contribution. The committee decided to accept 31 papers. The program also included two invited keynote talks. The success of the conference resulted from the input of many people. We would like ?rst of all to thank all the members of the Program Committee for their expert evaluation of the submissions. The local organizers in the School of Computer Science and Technology, Shandong University, did an extraordinary job, for which we are very grateful. We thank the National Natural Science Foundation of China, Montana State University (USA), University of Warwick (UK), and Shandong University (China) for their sponsorship.
Author : Stanley Wong
Publisher : Routledge
ISBN 13 : 1134385528
Total Pages : 275 pages
Book Rating : 4.1/5 (343 download)
Download or read book Foundations of Paul Samuelson's Revealed Preference Theory written by Stanley Wong and published by Routledge. This book was released on 2006-01-13 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published over two decades ago, this classic text within the philosophy of economics is a tour de force against revealed preference. It critically examines the research programme carried out by the Nobel Prize winner Paul Samuelson on the revealed preference approach to the theory of consumer behaviour. It also challenges two essential premises: * that the programme has been completed * that the various contributions of Samuelson are mutually consistent. This text contains a new preface by Wong, in which he provides a detailed insight into the origins of his pioneering text, and a new introduction from Philip Mirowski, analyzing the impact The Foundation of Paul Samuelson’s Revealed Preference Theory has had on the discipline of economics as well as explaining why it remains core reading for economists today. The defining statement of economic method, this book will be of interest to economists everywhere.
Author :
Publisher : ScholarlyEditions
ISBN 13 : 1464990727
Total Pages : 2231 pages
Book Rating : 4.4/5 (649 download)
Download or read book Economics—Advances in Research and Application: 2012 Edition written by and published by ScholarlyEditions. This book was released on 2012-12-26 with total page 2231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics—Advances in Research and Application: 2012 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics. The editors have built Economics—Advances in Research and Application: 2012 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2012 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
