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.

Sprache
Englisch

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

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

Ereignis
Geistige Schöpfung
(wer)
Adena, Maja
Huck, Steffen
Rasul, Imran
Ereignis
Veröffentlichung
(wer)
Springer US
(wo)
New York
(wann)
2017

DOI
doi:10.1007/s40881-017-0040-3
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

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

Entstanden

  • 2017

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