Applied microeconomics has become an increasingly important focus of economic research, employing rigorous statistical techniques to test sophisticated economic theories. This volume presents a survey of recent work combining methodology with empirical studies. The first part of the book puts the applied work into perspective and examines the methods and techniques of microeconometrics. It includes work on the specification of labour supply and commodity demand models, duration data, analysis of business surveys and functional measures inequality. The second part contains empirical studies of household and firm behaviour including labour supply with constraints, unemployment duration, optimal scrapping decisions, innovation and the formation of firms' expectations.
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