The Nonparametric Approach to Demand Analysis

This paper shows how to test data for consistency with utility maximization, recover the underlying preferences, and forecast demand behavior without making any assumptions concerning the parametric form of the underlying utility or demand functions.

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Bibliographic Details
Published inEconometrica Vol. 50; no. 4; pp. 945 - 973
Main Author Varian, Hal R.
Format Journal Article
LanguageEnglish
Published Menasha, Wis The Econometric Society 01.07.1982
George Banta Pub. Co. for the Econometric Society
Blackwell Publishing Ltd
Subjects
Algorithms
Consumer behavior
Demand analysis
Economic theory
Economic utility
Financial budgets
Linear inequalities
Mathematical functions
Utility functions
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Summary:This paper shows how to test data for consistency with utility maximization, recover the underlying preferences, and forecast demand behavior without making any assumptions concerning the parametric form of the underlying utility or demand functions.
ISSN:0012-9682
1468-0262
DOI:10.2307/1912771