Revealed Preference Tests of the Cournot Model
نویسندگان
چکیده
منابع مشابه
Revealed Preference Tests of the Cournot Model
We consider an observer who makes a finite number of observations of an industry producing a homogeneous good, where each observation consists of the market price and firm-specific production quantities. We develop a revealed preference test (in the form of a linear program) for the hypothesis that the firms are playing a Cournot game, assuming that they have convex cost functions that do not c...
متن کاملthe washback effect of discretepoint vs. integrative tests on the retention of content in knowledge tests
در این پایان نامه تاثیر دو نوع تست جزیی نگر و کلی نگر بر به یادسپاری محتوا ارزیابی شده که نتایج نشان دهندهکارایی تستهای کلی نگر بیشتر از سایر آزمونها است
15 صفحه اولGoodness-of-Fit for Revealed Preference Tests
I describe a goodness-of-fit measure for revealed preference tests. This index can be used to measure the degree to which an economic agent violates the model of utility maximization. I calculate the violation indices for a 38 consumers and find that the observed choice behavior is very close to optimizing behavior.
متن کاملPower Indices for Revealed Preference Tests
Revealed preference tests are elegant nonparametric tools that ask whether individual or aggregate data conform to economic models of optimizing behavior. In designing a test using revealed preference, however, one faces a vexing tension between goodness-of- t and power. If the test nds violations, then one must ask if the test was too demanding is there an acceptable tolerance for goodness-o...
متن کاملRevealed Preference Tests Using Supermarket Data: the Money Pump
We use a money pump argument to measure deviations from the revealed preference axioms. Using a panel data set of food expenditures, we find a large number of violations of the weak axiom of revealed preference. The money pump costs are small, which indicate that the violations of revealed preference are not severe. While most households’ behavior deviates from rationality, by our measure they ...
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: Econometrica
سال: 2013
ISSN: 0012-9682
DOI: 10.3982/ecta10175