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Demand System Specification and Estimation - Robert A. Pollak,Terence J. Wales

English
1996-10-01
€196.12 €245.15

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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: ... Full description

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Description

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.

More Information

Author Robert A. Pollak, Terence J. Wales
Publisher Oxford University Press
Release year 1996
Cover type Softcover
EAN 9780195101218
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€196.12 €245.15