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portada Demand System Specification and Estimation
Type
Physical Book
Year
1995
Language
English
Pages
232
Format
Paperback
ISBN
0195101219
ISBN13
9780195101218

Demand System Specification and Estimation

Robert A. Pollak; Terence J. Wales (Author) · Oxford University Press · Paperback

Demand System Specification and Estimation - Robert A. Pollak; Terence J. Wales

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Synopsis "Demand System Specification and Estimation "

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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