Demand System Specification and Estimation

Robert A Pollak

ISBN 10: 0195069412 / ISBN 13: 9780195069419

Published by Oxford University Press Inc, 1992

About this Item

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, the treatment of dynamics, and the specification of the stochastic structure of the demand system.

Seller Inventory # CIN0195069412G

Bibliographic Details

• Title: Demand System Specification and Estimation
• Publisher: Oxford University Press Inc
• Publication Date: 1992
• Language: English
• ISBN 10: 0195069412
• ISBN 13: 9780195069419
• Binding: Hardback
• Condition: Good

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, the 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.