Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95647
Authors: 
Hjertstrand, Per
Year of Publication: 
2013
Series/Report no.: 
IFN Working Paper 990
Abstract: 
Revealed preference tests are widely used in empirical applications of consumer rationality. These are static tests, and consequently, lack ability to handle measurement errors in the data. This paper extends and generalizes existing procedures that account for measurement errors in revealed preference tests. In particular, it introduces a very efficient method to implement these procedures, which make them operational for large data sets. The paper illustrates the new method for both classical and Berkson measurement errors models.
Subjects: 
Berkson measurement errors
Classical measurement errors
GARP
Revealed preference
JEL: 
C43
D12
Document Type: 
Working Paper

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