Collective Household Consumption Behavior

Revealed Preference Analysis
1. Auflage 2012
ISBN: 978-1-60198-536-1
Verlag: Now Publishers

Buch, Englisch, Band 10, 100 Seiten, Format (B × H): 156 mm x 234 mm

Reihe: Foundations and Trends® in Econometrics

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.

Autoren/Hrsg.

Cherchye, Laurens

De Rock, Bram

Vermeulen, Frederic

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Verhaltensökonomik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie

Inhaltsverzeichnis

1. Introduction. 2. Setting the stage: a revealed preference characterization of the unitary model. 3. Rational collective consumption behavior. 4. Testing and recovery results for the special collective models. 5. Testing and recovery results for the general collective model. 6. Empirical applications. 7. Conclusions. Appendix.