Demand System Specification and Estimation

Pollak, Robert A.; Wales, Terence J.

ISBN 10: 0195101219 / ISBN 13: 9780195101218

Published by Oxford University Press, 1995

About this Item

Seller Inventory # 0195101219-11-29003647

Bibliographic Details

Title: Demand System Specification and Estimation

Publisher: Oxford University Press

Publication Date: 1995

Binding: paperback

Condition: New

About this title

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.

About the Author:

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