Rahul Deb, Yuichi Kitamura, John K. -H. Quah, Jörg Stoye
arXiv 8 Jan 2018 · Econometrics · publishedThe Review of Economic Studies (2022) · 17 citations (OpenAlex)
arXiv:1801.02702 · PDF · DOI · OpenAlex · Extracted main text
To determine the welfare implications of price changes in demand data, we introduce a revealed preference relation over prices. We show that the absence of cycles in this relation characterizes a consumer who trades off the utility of consumption against the disutility of expenditure. Our model can be applied whenever a consumer's demand over a strict subset of all available goods is being analyzed; it can also be extended to settings with discrete goods and nonlinear prices. To illustrate its use, we apply our model to a single-agent data set and to a data set with repeated cross-sections. We develop a novel test of linear hypotheses on partially identified parameters to estimate the proportion of the population who are revealed better off due to a price change in the latter application. This new technique can be used for nonparametric counterfactual analysis more broadly.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Attanasio and Pastorino (2020) Nonlinear Pricing in Village Economies | 0.693 | 12 | 1 | 100% |
| 2 | McFadden and Richter (1991) Stochastic rationality and revealed stochastic preference | 0.693 | 7 | 1 | 100% |
| 3 | Blundell, Browning, and Crawford (2008) Best Nonparametric Bounds on Demand Responses | 0.644 | 4 | 1 | 100% |
| 4 | Gabaix (2014) A Sparsity-Based Model of Bounded Rationality | 0.644 | 4 | 1 | 100% |
| 5 | Kitamura and Stoye (2018) Nonparametric Analysis of Random Utility Models | 0.630 | 24 | 1 | 75% |
| 6 | Afriat (1967) The Construction of Utility Functions from Expenditure Data | 0.511 | 3 | 1 | 67% |
| 7 | Hausman and Newey (2016) Individual Heterogeneity and Average Welfare | 0.511 | 2 | 1 | 100% |
| 8 | Lazzati, Quah, and Shirai (2018) Nonparametric Analysis of Monotone Choice | 0.511 | 2 | 1 | 100% |
| 9 | Nevo (2000) A Practitioner's Guide to Estimation of Random-Coefficients Logit Models of Demand | 0.511 | 2 | 1 | 100% |
| 10 | Norris and Pendakur (2015) Consumption Inequality in Canada, 1997 to 2009 | 0.511 | 2 | 1 | 100% |
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arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.