Testing consumer theory: evidence from a natural field experiment

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Abstract: 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

Location: Deutsche Nationalbibliothek Frankfurt am Main

Extent: Online-Ressource, 16, 9 S.

Language: Englisch

Notes: Veröffentlichungsversion
begutachtet

Bibliographic citation: Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels ; Bd. SP II 2017-309

Classification: Wirtschaft

Event: Veröffentlichung

(where): Mannheim

(who): SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.

(when): 2017

Event: Veröffentlichung

(where): Berlin

(who): Wissenschaftszentrum Berlin für Sozialforschung gGmbH

(when): 2017

Creator: Adena, Maja
Huck, Steffen
Rasul, Imran

Contributor: Wissenschaftszentrum Berlin für Sozialforschung gGmbH

URN: urn:nbn:de:101:1-2021101108485276934189

Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.

Last update: 15.08.2025, 7:23 AM CEST

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Associated

Adena, Maja
Huck, Steffen
Rasul, Imran
Wissenschaftszentrum Berlin für Sozialforschung gGmbH
SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.

Time of origin

2017

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