Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210950
Authors: 
Hjertstrand, Per
Year of Publication: 
2019
Series/Report no.: 
IFN Working Paper 1309
Abstract: 
This paper proposes new power indices for revealed preference tests. The indices are based on a model of irrational consumption behavior where the consumer randomly allocates a certain fraction of expenditure. The methods allow a researcher to trace out the entire power curve against random expenditure allocation. The power indices are illustrated on altruistic choices in experimental data.
Subjects: 
GARP
Power
Revealed preference
JEL: 
C14
D12
Document Type: 
Working Paper

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