Demand System Specification and Estimation
- Binding: Paperback
- Publisher: Oxford Univ Pr on Demand
- Publish date: 09/01/1995
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 demographicvariables, treatment of dynamics, and the specification of the stochastic structure of the demand system.
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Product notice
Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
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