| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13580 |
| DP13580 Mutually Consistent Revealed Preference Demand Predictions | |
| Abigail Adams-Prassl | |
| 发表日期 | 2019-03-12 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Revealed preference restrictions are increasingly used to predict demand behaviour at new budgets of interest and as shape restrictions in nonparametric estimation exercises. However, the restrictions imposed are not sufficient for rationality when predictions are made at multiple budgets. I highlight the nonconvexities in the set of predictions that arise when making multiple predictions. I develop a mixed integer programming characterisation of the problem that can be used to impose rationality on multiple predictions. The approach is applied to the UK Family Expenditure Survey to recover rational demand predictions with substantially reduced computational resources compared to known alternatives. |
| 主题 | Industrial Organization |
| 关键词 | Revealed preference Mixed integer programming Demand estimation |
| URL | https://cepr.org/publications/dp13580 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542437 |
| 推荐引用方式 GB/T 7714 | Abigail Adams-Prassl. DP13580 Mutually Consistent Revealed Preference Demand Predictions. 2019. |
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