Is Utility Transferable? A Revealed Preference Analysis
نویسندگان
چکیده
منابع مشابه
Is utility transferable? A revealed preference analysis
The transferable utility hypothesis underlies important theoretical results in household economics. We provide a revealed preference framework for bringing this (theoretically appealing) hypothesis to observational data. We establish revealed preference conditions that must be satisfied for observed household consumption behavior to be consistent with transferable utility. We also show that the...
متن کاملFuzzy transferable-utility games: a weighted allocation and related results
By considering the supreme-utilities among fuzzy sets and the weights among participants simultaneously, we introduce the supreme-weighted value on fuzzy transferable-utility games. Further, we provide some equivalent relations to characterize the family of all solutions that admit a potential on weights. We also propose the dividend approach to provide alternative viewpoint for the potential a...
متن کاملOn Revealed Preference Analysis
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملA Revealed-Preference Implication of Weighted Utility Decisions under Uncertainty
Revealed preference of the weighted utility theory of Chew (1983) is investigated in the same set-up as Green and Osband (1991) for expected utility theory; the structure of the partition of the state simplex according to the chosen act is examined. It is shown that the boundary between two partition elements generated by a weighted utility is the solution set to a quadratic equation. Moreover,...
متن کاملHow Revealing is Revealed Preference?∗
This paper addresses the following two key criticisms of the empirical application of revealed preference theory: When it does not reject, it doesn’t provide precise predictions; and when it does reject, it doesn’t help us characterise the nature of irrationality or the degree/direction of changing tastes. Recent developments in the application of RP theory are shown to have rendered these crit...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1773217