TY - JOUR
T1 - Specification tests for mixed demand systems with an emphasis on combining contingent valuation and revealed data
AU - Cunha-e-Sá, Maria A.
AU - Ducla-Soares, Maria M.
PY - 1999/9
Y1 - 1999/9
N2 - In a world characterized by r unrationed goods (i.e., market goods) and (n - r) rationed goods, such as most environmental goods, necessary and sufficient conditions for the existence of an underlying rational preference structure are derived based on a system of mixed demand functions with complete information. With incomplete information, the case of a partial demand system is addressed, and a test for separability is proposed. The implications for testing rationality in a world characterized by combined (RP and SP) individual data are examined for data consistency. Testable conditions are derived.
AB - In a world characterized by r unrationed goods (i.e., market goods) and (n - r) rationed goods, such as most environmental goods, necessary and sufficient conditions for the existence of an underlying rational preference structure are derived based on a system of mixed demand functions with complete information. With incomplete information, the case of a partial demand system is addressed, and a test for separability is proposed. The implications for testing rationality in a world characterized by combined (RP and SP) individual data are examined for data consistency. Testable conditions are derived.
KW - Combined (RP and SP) individual data (data consistency)
KW - Rationality
KW - System of mixed demand functions
UR - http://www.scopus.com/inward/record.url?scp=0032862118&partnerID=8YFLogxK
U2 - 10.1006/jeem.1999.1086
DO - 10.1006/jeem.1999.1086
M3 - Article
AN - SCOPUS:0032862118
SN - 0095-0696
VL - 38
SP - 215
EP - 233
JO - Journal of Environmental Economics and Management
JF - Journal of Environmental Economics and Management
IS - 2
ER -