4 papers
Beyond the Mean: Testing Consumer Rationality through Higher Moments of Demand
Sebastiaan Maes, Raghav Malhotra
We study a setting where an analyst has access to purely aggregate information about the consumption choices of a heterogenous population of individuals. We show that observing the…
Consumer Welfare Under Individual Heterogeneity
Charles Gauthier, Sebastiaan Maes, Raghav Malhotra
We propose a nonparametric method for estimating the distribution of consumer welfare from cross-sectional data with no restrictions on individual preferences. First demonstrating…
A Frequentist Approach to Revealed Preference Analysis
Charles Gauthier, Raghav Malhotra, Agustin Troccoli Moretti
This paper develops a framework to study the statistical power of revealed-preference tests. With randomly sampled budgets and mild smoothness of demand, statistical learning impli…
Exact inference from finite market data
Felix Kübler, Raghav Malhotra, Herakles Polemarchakis
We develop conditions under which individual choices and Walrasian equilibrium prices and allocations can be exactly inferred from finite market data. First, we consider market dat…