Replication data for: Revealed Preference with Limited Consideration
- Demuynck, Thomas
- Seel, Christian
AbstractWe 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.
Is supplement to
DOI: 10.1257/mic.20150343 (Text)
Demuynck, Thomas, and Christian Seel. “Revealed Preference with Limited Consideration.” American Economic Journal: Microeconomics 10, no. 1 (February 2018): 102–31. https://doi.org/10.1257/mic.20150343.
- ID: 10.1257/mic.20150343 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13