Demand System Specification and Estimation

You must be logged in to access this title.

Sign up now

Already a member? Log in

Synopsis

This book explores the principal issues involved in bridging the gap between the pure theory of consumer behavior and its empirical implementation. The theoretical starting point is the familiar static, one-period, utility maximizing model in which the consumer allocates a fixed budget among competing categories of goods. The authors focus upon four issues of primary importance in empirical demand analysis: the structure of preferences, the treatment of demographic variables, treatment of dynamics, and the specification of the stochastic structure of the demand system.

Book details

Author:
Robert A. Pollak, Terence J. Wales
ISBN:
9780198023401
Related ISBNs:
9780195069419, 9780195101218
Publisher:
Oxford University Press
Pages:
N/A
Reading age:
Not specified
Includes images:
No
Date of addition:
2022-10-08
Usage restrictions:
Copyright
Copyright date:
1992
Copyright by:
N/A 
Adult content:
No
Language:
English
Categories:
Business and Finance, Nonfiction