A revealed preference test of rationing a Monte Carlo analysis

This paper develops and evaluates a rationing linear programming procedure that uses an “efficiency index” to allow for violations of revealed preference to be attributed to “almost” optimal choices. The procedure detects rationing using U.K. data. Various Monte Carlo simulations are performed to ev...

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Veröffentlicht in:	Economic modelling 2015-02, Vol.45, p.207-211
Hauptverfasser:	Fleissig, Adrian R., Whitney, Gerald A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Afriat inequalities Decision analysis Differential analysis Economic theory Efficient markets Indexes Linear programming Monte Carlo simulation Preferences Rationing Studies U.S.A Western Europe
Online-Zugang:	Volltext
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