Testing for intertemporal nonseparability

Arbeitspapier

This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for rational habit formation and rational anticipation. We show that these models are nonparametrically equivalent in the presence of finite date sets composed of prices, interest rates, and consumption choices.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IFS Working Papers ; No. W13/19

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Theory ; Consumer Economics: Empirical Analysis ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
• Subject: anticipation ; habits ; revealed preference ; time separability

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Crawford, Ian ; Polisson, Matthew
• Event: Veröffentlichung
• (who): Institute for Fiscal Studies (IFS)
• (where): London
• (when): 2013

Further information

• DOI: doi:10.1920/wp.ifs.2013.1319
• Handle: http://hdl.handle.net/10419/91560
• Last update: 10.03.2025, 11:41 AM CET