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Title:Aggregation without the aggravation? Nonparametric analysis of the representative consumer PDF Logo
Authors:Cherchye, Laurens
Crawford, Ian
De Rock, Bram
Vermeulen, Frederic
Issue Date:2011
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6266
Abstract:In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Gorman (1953, 1961), Samuelson (1956) and others. They can also be applied to data very readily and without the need for auxilliary parametric or statistical assumptions. We investigate the application of our characterisation by means of a balanced microdata panel survey. Our findings provide robust evidence against the existence of a representative consumer for our data.
Subjects:revealed preference
aggregation
Gorman polar form
GARP
JEL:D10
D30
D60
E10
Persistent Identifier of the first edition:urn:nbn:de:101:1-201203016514
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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