Revealed Price Preference: theory and empirical analysis

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主讲人	John Quah	简介	<p>We develop a model of demand where consumers trade-off the utility of con-sumption against the disutility of expenditure. This model is appropriate whenever a con-sumer's demand over a strict subset of all available goods is being analyzed. Data sets consistent with this model are characterized by the absence of revealed preference cycles over prices. For the random utility extension of the model, we devise nonparametric statistical procedures for testing and welfare comparisons. The latter requires the development of novel tests of linear hypotheses for partially identified parameters. Our applications on national household expenditure data provide support for the model and yield informative bounds concerning welfare rankings across different prices.&nbsp;</p>
时间	2018-04-26(Thursday)16:40-18:00	地点	N302, Econ Building
讲座语言	English	主办单位	WISE&SOE
承办单位		类型	系列讲座
联系人信息		主持人	Qingliang Fan
专题网站		专题
主讲人简介	<p>Professor of Economics, John Hopkins University. Co-editor, <em>Journal of Mathematical Economics</em>.</p> <p>Please see <a href="/Upload/File/2018/4/20180417120112514.pdf"><span style="color: rgb(255, 102, 0);">Prof. Quah's CV</span></a> for more information.</p>	期数	高级经济学系列讲座2018春季学期第六讲（总第400讲）

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