Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177671 
Year of Publication: 
2017
Series/Report no.: 
Tinbergen Institute Discussion Paper No. 17-103/I
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used to extend applications of the money metric function, such as parametric recoverability as introduced by Halevy et al. (2017). It can also improve nonparametric comparison of preferences as suggested by Heufer (2014).
Subjects: 
Graphical Analysis
Homotheticity
Money Metric Utility
Recoverability
Revealed Preference
JEL: 
C14
C91
D11
D12
Document Type: 
Working Paper

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