Arbeitspapier
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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Series: WZB Discussion Paper ; No. SP II 2017-309
- 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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Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (where)
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Berlin
- (when)
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2017
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Arbeitspapier
Associated
- Adena, Maja
- Huck, Steffen
- Rasul, Imran
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Time of origin
- 2017
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