Journal Article10.1016/0165-1765(87)90224-2
A Monte Carlo test of preference independence
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TL;DR: In this paper, a distribution-free Monte Carlo testing procedure for preference independence is proposed. But this procedure does not use asymptotic theory and cannot be used to test preference homogeneity.
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About: This article is published in Economics Letters. The article was published on 01 Jan 1987. The article focuses on the topics: Hybrid Monte Carlo & Quasi-Monte Carlo method.
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References
•Book
Applied demand analysis : results from system-wide approaches
Henri Theil,Kenneth W. Clements +1 more
- 01 Jan 1987
217
Monte Carlo and bootstrap testing of demand homogeneity
TL;DR: In this paper, a Monte Carlo test is formulated and extended to a bootstrap version to test for homogeneity of demand, and it is extended to bootstrap versions to test the availability of goods.
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A Monte Carlo test of Slutsky symmetry
TL;DR: In this article, the authors demonstrate how Barnard's Monte Carlo test procedure can be applied to Slutsky symmetry in demand systems and show that it can be used in the case of demand systems.
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