Testing the significance of the departures from utility maximization

Macroeconomic Dynamics

Volumn 9, Issue 3, 2005, Pages 372-397

  De Peretti, Philippe ^a  

^a UNIVERSITÉ PARIS 1 PANTHÉON SORBONNE   (France)

Author keywords

GARP; Significance; Violations

Indexed keywords

EID: 23944435483     PISSN: 13651005     EISSN: None     Source Type: Journal    
DOI: 10.1017/s1365100505040241     Document Type: Article

References (21)

1. Afriat, S. (1967) The construction of a utility function from expenditure data. International Economic Review 8, 67-77.
2. Afriat, S. (1973) On a system of inequalities in demand analysis: an extension of the classical method. International Economic Review 14, 460-472.
3. Barnett, W.A. and S.A. Choi (1989) A Monte Carlo study of tests of blockwise weak separability. Journal of Business and Economics Statistics;
4. reprinted in Barnett, W.A. and J. Binner (2004) Functional Structure and Approximation in Econometrics, pp. 257-287. Amsterdam: North-Holland.
5. Belongia, M.T. and K.A. Chrystal (1991) An admissible monetary aggregate for the United Kingdom. Review of Economics and Statistics 73, 497-503.
6. Bronars, S.G. (1987) The power of nonparametric tests of preference maximisation. Econometrica 55, 693-698.
7. Diaye, M.-A. and F. Gardes (1997) A Preference Analysis by Nonparametric Tests: Lessons from French Consumer Data. Document de travail Université Paris 1.
8. Famulari, M. (1995) A household-based nonparametric test of demand theory. Review of Economics and Statistics 77, 372-382.
9. Fisher, D. and A.R. Fleissig (1997) Monetary aggregation and the demand for assets. Journal of Money, Credit and Banking 29, 458-475.
10. Fisher, D. and G. Whitney (2003) A new PC-based test for Varian's weak separability conditiond. Journal of Business and Economic Statistics 21, 133-144.
11. Ljung, G.M. and G.E.P. Box (1978) On a measure of lack of fit in time series models. Biometrika 65, 297-303.
12. McLeod, A.I. and W.K. Li (1983) Diagnostic checking ARMA time series models using squared-residual autocorrelations. Journal of Time Series Analysis 4, 269-273.
13. Samuelson, P.A. (1947) Foundations of Economic Analysis. Cambridge, MA: Harvard University Press.
14. Sippel, R. (1999) A Note on the Power of Revealed Preference Tests with Afriat Inefficiency. Manuscript, University of Bonn.
15. Spanos, A. (1999) Probability Theory and Statistical Inference. Cambridge, UK: Cambridge University Press.
16. Swofford, J. and G. Whitney (1987) Nonparametric tests of utility maximization and weak separability for consumption, leisure and money. Review of Economics and Statistics 69, 458-464.
17. Swofford, J. and G. Whitney (1994) A revealed preference test for weakly separable utility maximization with incomplete adjustment. Journal of Econometrics 60, 235-249.
18. Varian, H.R. (1982) The nonparametric approach to demand analysis. Econometrica 50, 945-973.
19. Varian, H.R. (1985) Nonparametric analysis of optimizing behavior with measurement error. Journal of Econometrics 30, 445-458.
20. Varian, H.R. (1990) Goodness-of-fit in optimizing with measurement error. Journal of Econometrics 46, 125-140.
21. Yatchew, A. and L.G. Epstein (1985) Nonparametric hypothesis testing procedures and applications to demand analysis. Journal of Econometrics 30, 149-169.