Replication data for: Revealed Preference with Limited Consideration

Principal Investigator(s):  View help for Principal Investigator(s) Thomas Demuynck; Christian Seel

Version:  View help for Version V1

Name File Type Size Last Modified
  Code 10/25/2021 03:31:PM
LICENSE.txt text/plain 14.6 KB 10/12/2019 06:48:PM

Project Citation: 

Demuynck, Thomas, and Seel, Christian. Replication data for: Revealed Preference with Limited Consideration. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114351V1

Project Description

Summary:  View help for Summary We derive revealed preference tests for models where individuals use consideration sets to simplify their consumption problem. Our basic test provides necessary and sufficient conditions for consistency of observed choices with the existence of consideration set restrictions. The same conditions can also be derived from a model in which the consideration set formation is endogenous and based on subjective prices. By imposing restrictions on these subjective prices, we obtain additional refined revealed preference tests. We illustrate and compare the performance of our tests by means of a dataset on household consumption choices.

Scope of Project

JEL Classification:  View help for JEL Classification
      D11 Consumer Economics: Theory
      D12 Consumer Economics: Empirical Analysis
      M31 Marketing
Geographic Coverage:  View help for Geographic Coverage Denver Area, United States
Time Period(s):  View help for Time Period(s) 1/1993 – 3/1995
Data Type(s):  View help for Data Type(s) survey data

Methodology

Data Source:  View help for Data Source ACNielsens Homescan Panel
Unit(s) of Observation:  View help for Unit(s) of Observation household,

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Published Versions

V1 [2019-10-12]

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