Aggregation without the aggravation? Nonparametric analysis of the representative consumer

Arbeitspapier

In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Gorman (1953, 1961), Samuelson (1956) and others. They can also be applied to data very readily and without the need for auxilliary parametric or statistical assumptions. We investigate the application of our characterisation by means of a balanced microdata panel survey. Our findings provide robust evidence against the existence of a representative consumer for our data.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 6266

Classification and Topics

• Classification: Wirtschaft ; Household Behavior: General ; Distribution: General ; Welfare Economics: General ; General Aggregative Models: General
• Subject: revealed preference ; aggregation ; Gorman polar form ; GARP ; Konsumentenverhalten ; Offenbarte Präferenzen ; Nichtparametrisches Verfahren ; Schätzung ; Spanien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cherchye, Laurens ; Crawford, Ian ; De Rock, Bram ; Vermeulen, Frederic
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/58691
• URN: urn:nbn:de:101:1-201203016514
• Last update: 10.03.2025, 11:43 AM CET