Revealed Preferences Theory: An Experimental Approach
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Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Sosyoekonomi Soc
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In this study, the validity of the revealed preference axioms is tested by experimental data using non-parametric methods. In the experimental setup established to determine the preference structures of the consumers under different price and quantity scenarios, the subjects are asked to choose between two goods first and then eight different goods representing the multi-goods situation under different budgets. The results of the experiments show that, for both scenarios, all of the 107 people who participated in the experiment provided the GARP axiom and the WARP and SARP axioms. This result indicates that the preferences of all subjects consistent with the revealed preferences theory, which means that the subjects have rational preferences.
Açıklama
Anahtar Kelimeler
Revealed Preferences, GARP, SARP, WARP, Experimental Approach
Kaynak
Sosyoekonomi
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
Cilt
29
Sayı
48
