Collective household consumption behavior: revealed preference analysis
The issue is devoted to modeling of consumers' demand of a ``small group (with less consumers than commodities) with account of intra group interaction. It is known that the unitary approach to the modeling of individual consumers leads to the paradoxes of aggregate (market) demand which have been revealed by \textit{W. M. Gorman} [Econometrica 21, 63--80 (1953; Zbl 0052.15905)] and \textit{H. Sonnenschein} [Econometrica 40, 549--563 (1972; Zbl 0262.90006)]. So, the scope of the investigation is actual and interesting. The model under investigation is some developing of the model of market behavior of a small group which have been investigated by \textit{P. A. Chiappori} and \textit{I. Ekeland} [Econometrica 77, No. 3, 763--799 (2009; Zbl 1182.91065)]. Here individual preferences are represented via utility functions. Each of the functions depends on privately and/or public goods, and the utility of each member may depend on private consumption of others. The investigation questions are necessary and sufficient conditions for the model identifiability and recovering methods for the underlying structure. This problem is an ill-posed one, and it can be effective solved under additional assumptions with respect to the sought characteristics. Unlike of the predecessors, which fulfilled an analytical investigation in terms of the Slutsky matrix, the authors of the issue develop a nonparametric ``revealed preference approach. It is assumed that in addition to the customary discrete trade data, i.e. prices and quantities relevant to the household for each period of observation, \textit{assignable quantities} consumed by single members also are given. The authors obtain a Mixed Integer Programming characterization of Generalised Axiom of Revealed Preference which is effective for checking the collective rationalizability of the data. The model's structure, which is being recovered, is the \textit{sharing rule} for distribution of the household income across the household members. The proposed testing and recovery methods are illustrated on data drawn from the Russian Longitudinal Monitoring Survey.
- Private versus public consumption within groups: testing the nature of goods from aggregate data
- The Collective Model of Household Consumption: A Nonparametric Characterization
- The revealed preference approach to collective consumption behaviour: testing and sharing rule recovery
- The Microeconomics of Efficient Group Behavior: Identification
- Revealed Preference Tests of Collectively Rational Consumption Behavior: Formulations and Algorithms
- An Afriat theorem for the collective model of household consumption
- Efficient Intra-Household Allocations: A General Characterization and Empirical Tests
- A note on identifying heterogeneous sharing rules
- The micro economics of group behavior: General characterization
- Rational Household Labor Supply
- Testing preference stability between couples and singles
- Consumption dynamics of Latinos and Asians in the US
- How household consumption responds to credit card refunds
- Enlarging the collective model of household behavior: a revealed preference analysis
- Complexity results for the weak axiom of revealed preference for collective consumption models
- Private versus public consumption within groups: testing the nature of goods from aggregate data
- Identification of unobserved distribution factors and preferences in the collective household model
- Revealed Preference Tests of Collectively Rational Consumption Behavior: Formulations and Algorithms
- Nonparametric tests of collectively rational consumption behavior: an integer programming procedure
- Estimation of collective household models with Engel curves
- The revealed preference approach to collective consumption behaviour: testing and sharing rule recovery
- Inverse problems of demand analysis and their applications to computation of positively-homogeneous Konüs-Divisia indices and forecasting
- Efficient Intra-Household Allocations and Distribution Factors: Implications and Identification
- The Microeconomics of Efficient Group Behavior: Identification
- Aggregation and consumer behaviour: some recent results
- scientific article; zbMATH DE number 2079546 (Why is no real title available?)
- Is utility transferable? A revealed preference analysis
- A note on identifying heterogeneous sharing rules
- Sharing rule identification for general collective consumption models
- scientific article; zbMATH DE number 1865392 (Why is no real title available?)
- The Collective Model of Household Consumption: A Nonparametric Characterization
- A test of collective rationality for multi-person households
- Identification of the household behavior modeling based on modified Ramsey model
- Inverse problems in Pareto's demand theory and their applications to analysis of stock market crises
- Heuristics for deciding collectively rational consumption behavior
- Revealed preference and household production
- An Afriat theorem for the collective model of household consumption
This page was built for publication: Collective household consumption behavior: revealed preference analysis
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2903456)
