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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:2012
Series/Report no.:cemmap working paper CWP03/12
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 auxiliary 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.
Persistent Identifier of the first edition:doi:10.1920/wp.cem.2012.0312
Document Type:Working Paper
Appears in Collections:cemmap working papers, Centre for Microdata Methods and Practice, Institute for Fiscal Studies (IFS)

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