Revealed Preference Theory
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Author | : Christopher P. Chambers |
Publisher | : Cambridge University Press |
Total Pages | : 241 |
Release | : 2016-01-05 |
Genre | : Business & Economics |
ISBN | : 1107087805 |
Download Revealed Preference Theory Book in PDF, Epub and Kindle
The theory of revealed preference has a long, distinguished tradition in economics but lacked a systematic presentation of the theory until now. This book deals with basic questions in economic theory and studies situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.
Author | : Stanley Wong |
Publisher | : Routledge |
Total Pages | : 275 |
Release | : 2006-01-13 |
Genre | : Business & Economics |
ISBN | : 1134385528 |
Download Foundations of Paul Samuelson's Revealed Preference Theory Book in PDF, Epub and Kindle
Originally published over two decades ago, this classic text within the philosophy of economics is a tour de force against revealed preference. It critically examines the research programme carried out by the Nobel Prize winner Paul Samuelson on the revealed preference approach to the theory of consumer behaviour. It also challenges two essential premises: * that the programme has been completed * that the various contributions of Samuelson are mutually consistent. This text contains a new preface by Wong, in which he provides a detailed insight into the origins of his pioneering text, and a new introduction from Philip Mirowski, analyzing the impact The Foundation of Paul Samuelson’s Revealed Preference Theory has had on the discipline of economics as well as explaining why it remains core reading for economists today. The defining statement of economic method, this book will be of interest to economists everywhere.
Author | : Patricia A. Champ |
Publisher | : Springer |
Total Pages | : 508 |
Release | : 2017-02-08 |
Genre | : Business & Economics |
ISBN | : 9400771045 |
Download A Primer on Nonmarket Valuation Book in PDF, Epub and Kindle
This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.
Author | : Nancy E. Bockstael |
Publisher | : Springer Science & Business Media |
Total Pages | : 385 |
Release | : 2007-03-31 |
Genre | : Business & Economics |
ISBN | : 1402053185 |
Download Environmental and Resource Valuation with Revealed Preferences Book in PDF, Epub and Kindle
This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
Author | : Stanley Wong |
Publisher | : Routledge |
Total Pages | : 143 |
Release | : 2006-01-13 |
Genre | : Business & Economics |
ISBN | : 1134385536 |
Download Foundations of Paul Samuelson's Revealed Preference Theory Book in PDF, Epub and Kindle
Containing a new preface by Wong, and a new introduction from Philip Mirowski, this classic text within the philosophy of economics, originally published over two decades ago, is a tour de force against revealed preference.
Author | : Laurens Cherchye |
Publisher | : Foundations & Trends |
Total Pages | : 90 |
Release | : 2012-03 |
Genre | : |
ISBN | : 9781601985361 |
Download Collective Household Consumption Behavior Book in PDF, Epub and Kindle
Collective Household Consumption Behavior: Revealed Preference Analysis presents a nonparametric `revealed preference' methodology for analyzing collective consumption behavior in practical applications, while possibly accounting for externalities, public consumption and the use of assignable quantity information. Collective Household Consumption Behavior: Revealed Preference Analysis considers two types of collective models: The general collective model considers general preferences of the individual household members, which allow for externalities and public consumption within the household. The special collective models that do not allow for consumption externalities. After the introduction, section 2 sets the stage by introducing the revealed preference characterizations of the unitary model. Section 3 presents a collective model that allows for general individual preferences and discusses its revealed preference characterization. Sections 4 and 5 show how to bring this theoretical characterization to observational data. More specifically, Section 4 introduces the mixed integer programming characterizations for special collective models that impose restrictions on the household members' preferences. Section 5 does the same for the general collective model. Throughout Section 2 to Section 5, the authors illustrate the most relevant concepts by means of numerical examples. In Section 6 we subsequently illustrate our main results for data drawn from the Russian Longitudinal Monitoring Survey.
Author | : Irina Georgescu |
Publisher | : Springer |
Total Pages | : 286 |
Release | : 2007-07-16 |
Genre | : Technology & Engineering |
ISBN | : 3540689982 |
Download Fuzzy Choice Functions Book in PDF, Epub and Kindle
This book extends the theory of revealed preference to fuzzy choice functions, providing applications to multicriteria decision making problems. The main topics of revealed preference theory are treated in the framework of fuzzy choice functions. New topics, such as the degree of dominance and similarity of vague choices, are developed. The results are applied to economic problems where partial information and human subjectivity involve vague choices and vague preferences.
Author | : David Kreps |
Publisher | : Routledge |
Total Pages | : 228 |
Release | : 2018-05-04 |
Genre | : Social Science |
ISBN | : 0429967160 |
Download Notes On The Theory Of Choice Book in PDF, Epub and Kindle
In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann?Morgenstern utility, and then choice under uncertainty with subjective uncertainty, using the formulation of Anscombe and Aumann, and then sketching the development of Savage's classic theory. Finally, the course delves into a number of special topics, including de Finetti's theorem, modeling choice on a part of a larger problem, dynamic choice, and the empirical evidence against the classic models.
Author | : Catherine L. Kling |
Publisher | : Routledge |
Total Pages | : 611 |
Release | : 2019-01-22 |
Genre | : Business & Economics |
ISBN | : 1351903438 |
Download Revealed Preference Approaches to Environmental Valuation Volumes I and II Book in PDF, Epub and Kindle
In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Author | : Magnus Johannesson |
Publisher | : Springer Science & Business Media |
Total Pages | : 270 |
Release | : 1996-05-31 |
Genre | : Business & Economics |
ISBN | : 9780792340379 |
Download Theory and Methods of Economic Evaluation of Health Care Book in PDF, Epub and Kindle
Most economic evaluations of health care programmes at the moment are cost effectiveness and cost-utility analyses. The problem with these methods is that their theoretical foundations are unclear. This has led to confusion about how to define the costs and health effects and how to interpret the results of these studies. In the environmental and traffic safety fields it is instead common to carry out traditional cost-bene:fit analyses of health improving programmes. This striking difference in how health programmes are assessed in different fields was the original motivation for writing this book. The aim of the book is to tty and provide a coherent framework within cost-bene:fit analysis and welfare economics for the different methods of economic evaluation in the health care field. The book is written in an easily accessible manner and several examples of applications of the different methods are provided. It is my hope that it will be useful both for teaching purposes and as a guide for practitioners in the field. Glenn C. Blomquist, John D. Graham, Rich O'Conor and four anonymous referees provided helpful comments on previous versions of the manuscript. I would also like to express my gratitude to the following persons for helping me to prepare the manuscript: Carl-Magnus Berglund, Carin Blanksvard, Ann Brown, and Ziad Obeid.