Nonparametric Engel Curves and Revealed Preference.
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on indifference surfaces and welfare measures are derived using an...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CAM (Institute of Economics, University of Copenhagen)
2002
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