Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297242 
Year of Publication: 
2022
Series/Report no.: 
IFN Working Paper No. 1446
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
The Houtman-Maks index is a measure of the size of a violation of utility maximizing (i.e., rational) behavior. This note introduces the Stata command hmindex, which calculates the Houtman-Maks index for a data set of prices and observed choices of a consumer. The command is illustrated with an empirical application.
Subjects: 
hmindex
Houtman-Maks index
revealed preference
WGARP
WARP
JEL: 
C87
D12
Document Type: 
Working Paper

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