Stochastic Choice and Revealed Perturbed Utility characterizes this representation: One condition generalizes the acyclicity condition used in revealed preference theory, and the other generalizes Luce's IIA ... D Fudenberg,R Iijima,T Strzalecki - 《Working Paper》 被引量: 134发表: 1969年 Revealed ...
which integrates the revealed preference with the authority distribution framework. "Estimation" section analyzes the data, calculates the ranking scores, and simulates their confidence intervals. Next, "Properties of the
The Theory of Weak Revealed Preference ∗Victor H. Aguiar † Per Hjertstrand ‡ Roberto Serrano §This version: May 2019Abstract We of f er a rationalization of the weak generalized axiom of revealedpreference (WGARP) for both f inite and inf inite data sets of consumer choice.We ...
DEMAND THEORYIn the present paper, we are concerned with the behavioural consequences of consumers having nontransitive preference relations. Data sets consist of finitely many observations of price vectors and consumption bundles. A preference relation rationalizes a data set provided that for every ...
We investigate the strategic nature of farmers’ groundwater usage with a rich dataset from the American Midwest. We propose a new revealed preference test for the groundwater interaction as a dynamic game. We reject a view of groundwater usage decisions