The collective model of household consumption: a nonparametric characterization

Cherchye, Laurens; De Rock, Bram; & Vermeulen, Frederic. (2007). The collective model of household consumption: a nonparametric characterization. Econometrica : Journal of the Econometric Society, 75(2), 553-574.

Citation:

Cherchye, Laurens; De Rock, Bram; & Vermeulen, Frederic. (2007). The collective model of household consumption: a nonparametric characterization. Econometrica : Journal of the Econometric Society, 75(2), 553-574.

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Abstract:

We provide a nonparametric characterization of a general collective model for household consumption, which includes externalities and public consumption. Next, we establish testable necessary and sufficient conditions for data consistency with collective rationality that only include observed price and quantity information. These conditions have a similar structure as the generalized axiom of revealed preference for the unitary model, which is convenient from a testing point of view. In addition, we derive the minimum number of goods and observations that enable the rejection of collectively rational household behavior.

URL:

http://dx.doi.org/10.2307/4502000

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Reference Type:
JOUR

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Author(s):
Cherchye, Laurens
De Rock, Bram
Vermeulen, Frederic

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Series Author(s):

Year Published:
2007

Date Published:

Journal Name:
Econometrica : Journal of the Econometric Society

Volume Number:
75

Issue Number:
2

Start Page Number:
553-574

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ISSN/ISBN:
00129682

DOI:
10.2307/4502000

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Reference ID:
2704

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The collective model of household consumption: a nonparametric characterization