Artikel

Testing consumer theory: evidence from a natural field experiment

We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent with a neoclassical model of utility maximization subject to budget constraints. We do this through the lens of a field experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive margins, can be rationalized within a standard neoclassical choice model in which individuals have preferences, defined over own consumption and their contribution towards the charitable good, satisfying the axioms of revealed preference.

Language
Englisch

Bibliographic citation
Journal: Journal of the Economic Science Association ; ISSN: 2199-6784 ; Volume: 3 ; Year: 2017 ; Issue: 2 ; Pages: 89-108 ; New York: Springer US

Classification
Wirtschaft
Field Experiments
Microeconomic Behavior: Underlying Principles
Consumer Economics: Empirical Analysis
Altruism; Philanthropy; Intergenerational Transfers
Subject
natural field experiment
revealed preference

Event
Geistige Schöpfung
(who)
Adena, Maja
Huck, Steffen
Rasul, Imran
Event
Veröffentlichung
(who)
Springer US
(where)
New York
(when)
2017

DOI
doi:10.1007/s40881-017-0040-3
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Adena, Maja
  • Huck, Steffen
  • Rasul, Imran
  • Springer US

Time of origin

  • 2017

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