Demand System Specification and Estimation - Softcover

Pollak, Robert A.; Wales, Terence J.

 
9780195101218: Demand System Specification and Estimation

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.

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About the Author

Robert A. Pollak is at University of Pennsylvania. Terence J. Wales is at University of British Columbia.

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Other Popular Editions of the Same Title

9780195069419: Demand System Specification and Estimation

Featured Edition

ISBN 10:  0195069412 ISBN 13:  9780195069419
Publisher: Oxford University Press, 1992
Hardcover