A non-parametric analysis of personal sector decisions on consumption, liquid assets and leisure.
This paper applies a nonparametric approach to assess whether a data set comprising nineteen consumption goods, four liquid assets, and leisure is consistent with the utility maximization model; and whether there are any weakly separable groupings amongst these goods. The study also addresses the question of which of the competing definitions of durable goods is most consistent with the data. Copyright 1991 by Royal Economic Society.