Taste Change in the United Kingdom, 1900-1955

Accounting for Changes in Tastes

“…He noted that there has been steady growth in real expenditures and suggested that the method might have low power when used as a test for stable preferences. This observation was also made by Landsburg (1981) for several data sets from the United Kingdom and by Varian (1982). When budget lines shift steadily outward over time so that they rarely cross, there will be little chance of finding observations inconsistent with the axioms.…”

“…Previous applications of the nonparametric technique include stud-' T h~s expla~ns the use of the term "palametr~c' for t h~s approach fiol 'in '~nalogous approach to the measurement of techn~cal change, see Rerndt d11d Khnled (1979) ies by Landsburg (1981), Varian (1982Varian ( , 1983Varian ( , 1984Varian ( , 1985, Hansen and Sienknecht (1985), Swofford and Whitney (1986), and Thurman ( 1 9 8 7 ) .Two of these applications have been concerned with testing for stability of preferences over time. In his analysis of the demand for meat in the United States, Thurman (1987) found that 25 years of annual data were consistent with revealed preference theory and stable preferences.…”

The Derivation and Interpretation of the Lucas Supply Function: Comment

“…See Landsburg (1981) for a recent study providing such evidence. Pt(z)Ct(z) + 1 + r = At + Wt(z)Nt(z) + 1 + r '…”

Testing for Preference Change in Consumer Demand: An Indirectly Separable, Semiparametric Model

“…The F test of dynamics concerns the hypothesis Ho: yi = y2 = yl = y4l = 0 and is distributed with 4 and 76 df. The failure to detect at least seasonality may lend support to Varian's (1982) and Landsburg's (1981) observation that the nonparametric tests based on revealed preferences may have little power with aggregate time series consumption data. This suggests an interesting comparison of the semiparametric model of this article with the "nonparametric" method used by Chalfant and Alston (1988).…”