REVEALED PREFERENCES: THEORY AND APPLICATION

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dc.authoridIpek, Ozlem/0000-0002-3711-3258
dc.contributor.authorIpek, Ozlem
dc.contributor.authorAkyazi, Haydar
dc.date.accessioned2025-03-17T12:25:22Z
dc.date.available2025-03-17T12:25:22Z
dc.date.issued2021
dc.departmentTarsus Üniversitesi
dc.description.abstractIn this study which aims to test validity of the revealed preference theory for Turkish households, determine the rationality in consumer preferences and measure welfare loss in case of violation of rationality, the revealed preference axioms are analyzed by using non-parametric methods over cross-sectional data. In the application where consumer behaviors of Turkish households are analyzed, 2004-2017 period Turkey Statistical Institute Household Budget Survey data set is used. The revealed preference axiom violation rates and rationality indices are calculated by considering preferences of households under the assumption of a unitary and collective consumption model. Findings show that households exhibit highly consistent behaviors with axioms. In addition, it is obtained that households used their incomes effectively during the analysis period, unexpected changes in prices have significant negative effects on consumer rationality and this causes an average welfare loss of 25% in households. It is also seen that the preferences created under the assumption of collective consumption model are less violating rationality and caused less loss of wealth. Finally, it is determined that socioeconomic variables such as age, education, gender and income status of individuals have an impact on preference rationality.
dc.identifier.doi10.30798/makuiibf.798018
dc.identifier.endpage1305
dc.identifier.issn2149-1658
dc.identifier.issue3
dc.identifier.scopusqualityN/A
dc.identifier.startpage1279
dc.identifier.trdizinid497153
dc.identifier.urihttps://doi.org/10.30798/makuiibf.798018
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/497153
dc.identifier.urihttps://hdl.handle.net/20.500.13099/1621
dc.identifier.volume8
dc.identifier.wosWOS:000725183600003
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isotr
dc.publisherMehmet Akif Ersoy Univ
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250316
dc.subjectRevealed Preference
dc.subjectPower Measures Index
dc.subjectWARP
dc.subjectSARP
dc.subjectGARP
dc.titleREVEALED PREFERENCES: THEORY AND APPLICATION
dc.typeArticle

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