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
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Englisch
- Bibliographic citation
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Journal: Journal of the Economic Science Association ; ISSN: 2199-6784 ; Volume: 3 ; Year: 2017 ; Issue: 2 ; Pages: 89-108 ; New York: Springer US
- Classification
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Wirtschaft
Field Experiments
Microeconomic Behavior: Underlying Principles
Consumer Economics: Empirical Analysis
Altruism; Philanthropy; Intergenerational Transfers
- Subject
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natural field experiment
revealed preference
- Event
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Geistige Schöpfung
- (who)
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Adena, Maja
Huck, Steffen
Rasul, Imran
- Event
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Veröffentlichung
- (who)
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Springer US
- (where)
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New York
- (when)
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2017
- DOI
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doi:10.1007/s40881-017-0040-3
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Adena, Maja
- Huck, Steffen
- Rasul, Imran
- Springer US
Time of origin
- 2017