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Consistent subsets: Computing the Houtman-Maks index in Stata
Linnaeus University, School of Business and Economics, Department of Economics and Statistics (NS).ORCID iD: 0000-0001-5187-3846
Research Institute of Industrial Economics (IFN), Sweden.
2023 (English)In: The Stata Journal, ISSN 1536-867X, E-ISSN 1536-8734, Vol. 23, no 2, p. 578-588Article in journal (Refereed) Published
Abstract [en]

The Houtman-Maks index is a measure of the size of a violation of utility-maximizing (that is, rational) behavior. In this article, we introduce the command hmindex, which calculates the Houtman-Maks index for a dataset of prices and observed choices of a consumer. The command is illustrated with an empirical application.

Place, publisher, year, edition, pages
Sage Publications, 2023. Vol. 23, no 2, p. 578-588
Keywords [en]
st0720, hmindex, Houtman-Maks index, revealed preference, WGARP, WARP
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-123566DOI: 10.1177/1536867X231175345ISI: 001020584500011Scopus ID: 2-s2.0-85163589626OAI: oai:DiVA.org:lnu-123566DiVA, id: diva2:1786952
Available from: 2023-08-10 Created: 2023-08-10 Last updated: 2023-08-24Bibliographically approved

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Demetry, Marcos

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