000			01257nam a22001577a 4500
999			_c514700 _d514700
008			201130b ||||| |||| 00| 0 eng d
100			_aCherchye, Laurens. et al. _921595
245			_aRevealed preference analysis with normal goods: Application to cost-of-living indices
260			_aAmerican Economic Journal Microeconomics
300			_a12(3), Aug, 2020: p.165-188
520			_aWe present a revealed preference methodology for nonparametric demand analysis under the assumption of normal goods. Our methodology is flexible in that it allows for imposing normality on any subset of goods. We show the usefulness of our methodology for empirical welfare analysis through cost-of-living indices. An illustration to US consumption data drawn from the Panel Study of Income Dynamics (PSID) demonstrates that mild normality assumptions can substantially strengthen the empirical analysis. It obtains considerably tighter bounds on cost-of-living indices and a significantly more informative classification of better-off and worse-off individuals after the 2008 financial crisis. - Reproduced
650			_aPrice Level; Inflation; Deflation _921596
773			_aAmerican Economic Journal Microeconomics
906			_aCONSUMER ECONOMICS
942			_cAR