arXiv Open Access 2021

A General Revealed Preference Test for Quasilinear Preferences: Theory and Experiments

Mikhail Freer Marco Castillo

Lihat Sumber

Abstrak

We provide a generalized revealed preference test for quasilinear preferences. The test applies to nonlinear budget sets and non-convex preferences as those found in taxation and nonlinear pricing contexts. We study the prevalence of quasilinear preferences in a laboratory real-effort task experiment with nonlinear wages. The experiment demonstrates the empirical relevance of our test. We find support for either convex (non-separable) preferences or quasilinear preferences but weak support for the hypothesis of both quasilinear and convex preferences.

Topik & Kata Kunci

econ.GN

Penulis (2)

Mikhail Freer

Marco Castillo

Format Sitasi

APA MLA BibTeX

Freer, M., Castillo, M. (2021). A General Revealed Preference Test for Quasilinear Preferences: Theory and Experiments. https://arxiv.org/abs/2111.01248

Akses Cepat

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Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓