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On testing the utility hypothesis

delete1997-07-01
delete40
PRE
AI
J
James C. Cox *
DOI:10.1111/1468-0297.00206delete
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摘要

摘要

En 中文
In order to be able to conduct a test of the (core) utility hypothesis that is not confounded with tests of (subsidiary) hypotheses that economic agents all have the same preferences and that their preferences are weakly separable, it is necessary to use data that are disaggregated and complete. In order to carry out a utility hypothesis test with complete data, revealed preference theory must first be extended. The generalised axiom of revealed preference is extended to include labour supply and portfolio choice. Then a complete, disaggregated data set is used to test the utility hypothesis and two preference separability hypotheses.
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期刊

Economic Journal 封面图
Economic Journal
IF:
3.6
论文数:
5.5K
被引数:
1.6W

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