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摘要翻译：
实证需求分析的一个重要目标是对潜在政策干预产生的反事实预算集的选择和福利预测。这种预测在没有任意的功能形式/分布假设的情况下更加可信，而是完全基于经济理性，即这种选择符合异质人群的效用最大化。本文在二元选择这一具有重要经验意义的背景下，研究了非参数经济合理性。我们证明了在一般的未观测异质性下，经济理性等价于对选择概率函数的一对类似Slutsky的形状限制。这些限制的形式不同于连续货物的Slutsky不等式。与McFadden-Richter的随机揭示偏好不同，我们的形状限制(a)是全局的，即它们的形式不依赖于观察到哪些预算集和多少预算集；(b)是封闭的，因此在实际应用中容易强加给参数/半/非参数模型；(c)在反事实的预算集上提供了计算简单、理论一致的需求和福利预测边界。
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英文标题：
《The Empirical Content of Binary Choice Models》
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作者：
Debopam Bhattacharya
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最新提交年份：
2020
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分类信息：
一级分类：Economics 经济学
二级分类：Econometrics 计量经济学
分类描述：Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论，微观计量经济学，宏观计量经济学，通过新方法发现的经济关系的实证内容，统计推论应用于经济数据的方法论方面。
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英文摘要：
An important goal of empirical demand analysis is choice and welfare prediction on counterfactual budget sets arising from potential policy-interventions. Such predictions are more credible when made without arbitrary functional-form/distributional assumptions, and instead based solely on economic rationality, i.e. that choice is consistent with utility maximization by a heterogeneous population. This paper investigates nonparametric economic rationality in the empirically important context of binary choice. We show that under general unobserved heterogeneity, economic rationality is equivalent to a pair of Slutsky-like shape-restrictions on choice-probability functions. The forms of these restrictions differ from Slutsky-inequalities for continuous goods. Unlike McFadden-Richter's stochastic revealed preference, our shape-restrictions (a) are global, i.e. their forms do not depend on which and how many budget-sets are observed, (b) are closed-form, hence easy to impose on parametric/semi/non-parametric models in practical applications, and (c) provide computationally simple, theory-consistent bounds on demand and welfare predictions on counterfactual budget-sets.
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PDF链接：
https://arxiv.org/pdf/1902.11012
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