Consumer' Surplus, Fundamental Welfare Theorems and Revealed Preference Approach

2008 ◽  
Author(s):  
Sergey A. Moskalionov
Keyword(s):  
Consumer Surplus ◽  
Revealed Preference ◽  
Welfare Theorems ◽  
Revealed Preference Approach

scholarly journals Estimating network economies in retail chains: a revealed preference approach

2013 ◽  
Vol 44 (2) ◽  
pp. 169-193 ◽  
Author(s):  
Paul B. Ellickson ◽  
Stephanie Houghton ◽  
Christopher Timmins
Keyword(s):  
Revealed Preference ◽  
Retail Chains ◽  
Revealed Preference Approach

scholarly journals Group Consumption with Caring Individuals

2019 ◽  
Vol 130 (627) ◽  
pp. 587-622
Author(s):  
Laurens Cherchye ◽  
Sam Cosaert ◽  
Thomas Demuynck ◽  
Bram De Rock
Keyword(s):  
Empirical Data ◽  
Revealed Preference ◽  
Experimental Setting ◽  
Cooperative Model ◽  
Group Behaviour ◽  
Consumption Decisions ◽  
Novel Approach ◽  
Revealed Preference Approach

Abstract We propose a novel approach to model joint consumption decisions of individuals who care for each other. The model encompasses a continuum of group consumption models situated between the fully co-operative model and the non-cooperative model without caring. We also define a measure for the degree of intragroup cooperation that quantifies how close the observed group behaviour is to fully co-operative behaviour. Following a revealed preference approach, we derive testable implications of the model for empirical data. We use our model to analyse decisions made by children in an experimental setting.

scholarly journals Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: A Revealed-Preference Approach

2008 ◽  
Vol 40 (3) ◽  
pp. 777-787 ◽  
Author(s):  
Olha Sydorovych ◽  
Michele Marra
Keyword(s):  
Human Impacts ◽  
Revealed Preference ◽  
Specific Product ◽  
Roundup Ready ◽  
Welfare Impact ◽  
Pesticide Safety ◽  
Revealed Preference Approach ◽  
Herbicide Use ◽  
The U.S ◽  
Reduced Risk

A revealed-preference–based approach is proposed for valuation of the environmental and human impacts of pesticides. It is assumed that farmers reveal their willingness to pay for improved pesticide safety by selecting a specific product out of the set of available alternatives based on their costs, effectiveness, and safety. The approach is applied to estimate the welfare impact of changed patterns of herbicide use on Roundup Ready soybeans. The results indicate that farmers associate positive values with safety improvements. The aggregate welfare impact of the reduced risk for the U.S. soybean farmers was estimated to be $90.3 million in 2001.

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