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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Published in | Econometrica Vol. 50; no. 4; pp. 945 - 973 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Menasha, Wis
The Econometric Society
01.07.1982
George Banta Pub. Co. for the Econometric Society Blackwell Publishing Ltd |
Subjects | |
Online Access | Get full text |
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Abstract | 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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AbstractList | 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. |
Author | Varian, Hal R. |
Author_xml | – sequence: 1 givenname: Hal R. surname: Varian fullname: Varian, Hal R. |
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CODEN | ECMTA7 |
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Snippet | This paper shows how to test data for consistency with utility maximization, recover the underlying preferences, and forecast demand behavior without making... |
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SubjectTerms | Algorithms Consumer behavior Demand analysis Economic theory Economic utility Financial budgets Linear inequalities Mathematical functions Utility functions Vertices |
Title | The Nonparametric Approach to Demand Analysis |
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