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Preferences estimation without approximation

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  • Alghalith, Moawia

Abstract

We devise an estimation methodology which allows preferences estimation and comparative statics analysis without a reliance on Taylor's approximations and the indirect utility function.

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  • Alghalith, Moawia, 2010. "Preferences estimation without approximation," European Journal of Operational Research, Elsevier, vol. 207(2), pages 1144-1146, December.
    • Handle: RePEc:eee:ejores:v:207:y:2010:i:2:p:1144-1146
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    References listed on IDEAS

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    1. repec:ebl:ecbull:v:28:y:2007:i:9:p:a0 is not listed on IDEAS
    2. Moawia Alghalith, 2006. "Price and output risk: empirical analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 13(6), pages 391-393.
    3. Louis Eeckhoudt & Harris Schlesinger, 2006. "Putting Risk in Its Proper Place," American Economic Review, American Economic Association, vol. 96(1), pages 280-289, March.
    4. Elie Appelbaum & Aman Ullah, 1997. "Estimation Of Moments And Production Decisions Under Uncertainty," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 631-637, November.
    5. Moawia Alghalith, 2007. "New economics of risk and uncertainty: theory and application (a book)," Economics Bulletin, AccessEcon, vol. 28(9), pages 1.
    6. #Name#, 2003. "Hedging Output Price and Cost Uncertainty," Discussion Paper Series, School of Economics and Finance 200305, School of Economics and Finance, University of St Andrews.
    7. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    8. Ardeshir J. Dalal, 1983. "Comparative Statics and Asset Substitutability/Complementarity in a Portfolio Model: A Dual Approach," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(2), pages 355-367.
    9. Subal C. Kumbhakar & Efthymios G. Tsionas, 2008. "Estimation of input‐oriented technical efficiency using a nonhomogeneous stochastic production frontier model," Agricultural Economics, International Association of Agricultural Economists, vol. 38(1), pages 99-108, January.
    10. Chavas, Jean-Paul & Holt, Matthew T, 1996. "Economic Behavior under Uncertainty: A Joint Analysis of Risk Preferences and Technology," The Review of Economics and Statistics, MIT Press, vol. 78(2), pages 329-335, May.
    11. Kumbhakar, Subal C. & Tsionas, Efthymios G., 2005. "The Joint Measurement of Technical and Allocative Inefficiencies: An Application of Bayesian Inference in Nonlinear Random-Effects Models," Journal of the American Statistical Association, American Statistical Association, vol. 100, pages 736-747, September.
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    Cited by:

    1. Inmaculada Rodríguez-Puerta & Alberto Álvarez-López, 2016. "Optimal allocation of a fixed production under price uncertainty," Annals of Operations Research, Springer, vol. 237(1), pages 121-142, February.
    2. Moawia Alghalith & Xu Guo & Cuizhen Niu & Wing-Keung Wong, 2017. "Input Demand Under Joint Energy and Output Prices Uncertainties," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 34(04), pages 1-12, August.
    3. Christodoulakis, George, 2020. "Estimating the term structure of commodity market preferences," European Journal of Operational Research, Elsevier, vol. 282(3), pages 1146-1163.
    4. Inmaculada Rodríguez-Puerta & Alberto A. Álvarez-López, 2016. "Optimal allocation of a fixed production under price uncertainty," Annals of Operations Research, Springer, vol. 237(1), pages 121-142, February.

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    Keywords

    Utility Preferences Uncertainty;

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