Applied Demand Analysis
Author | : Henri Theil |
Publisher | : |
Total Pages | : 312 |
Release | : 1987 |
Genre | : Business & Economics |
ISBN | : |
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Author | : Henri Theil |
Publisher | : |
Total Pages | : 312 |
Release | : 1987 |
Genre | : Business & Economics |
ISBN | : |
Author | : Manoj K. Dash Et Al. |
Publisher | : Serials Publications |
Total Pages | : 434 |
Release | : 2010 |
Genre | : Consumption (Economics) |
ISBN | : 9788183873253 |
Author | : R. Leighton Thomas |
Publisher | : |
Total Pages | : 104 |
Release | : 1987 |
Genre | : Demand (Economic theory) |
ISBN | : 9787506208932 |
Author | : E.A. Selvanathan |
Publisher | : Springer Science & Business Media |
Total Pages | : 418 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 364285205X |
The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.
Author | : Michael K. Wohlgenant |
Publisher | : Palgrave Macmillan |
Total Pages | : 230 |
Release | : 2021-06-29 |
Genre | : Business & Economics |
ISBN | : 9783030731434 |
This textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm. What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data—time series or cross section—that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.
Author | : Richard Leighton Thomas |
Publisher | : |
Total Pages | : 104 |
Release | : 1987 |
Genre | : |
ISBN | : |
Author | : Jeffrey A. Dubin |
Publisher | : Springer Science & Business Media |
Total Pages | : 306 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461556651 |
Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand. Each study stands on its own as a complete econometric analysis of demand for a well-defined consumer product. The econometric methods range from simple regression techniques applied in the first four chapters, to the use of logit and multinomial logit models used in chapters 5 and 6, to the use of nested logit models in chapters 6 and 7, and finally to the discrete/continuous modeling methods used in chapter 8. Emphasis is on applications rather than econometric theory. In each case, enough detail is provided for the reader to understand the purpose of the analysis, the availability and suitability of data, and the econometric approach to measuring demand.
Author | : Herman O. A. Wold |
Publisher | : New York ; Toronto : Wiley |
Total Pages | : 386 |
Release | : 1953 |
Genre | : Demand functions (Economic theory) |
ISBN | : |
Author | : L. Phlips |
Publisher | : Elsevier |
Total Pages | : 344 |
Release | : 2014-07-14 |
Genre | : Business & Economics |
ISBN | : 1483298701 |
This volume links the abstract theory of demand with its econometric implementation. Exercises lead the reader from elementary utility maximization to the most sophisticated recent techniques, highlighting the main steps in the historical evolution of the subject. The first part presents a brief discussion of duality and flexible forms, and in particular of Deaton and Muellbauer's ``almost ideal demand system''. Part two includes the author's work on true wage indexes, and on intertemporal utility maximization.
Author | : Kenneth William Clements |
Publisher | : |
Total Pages | : 58 |
Release | : 1996 |
Genre | : Demand (Economic theory) |
ISBN | : 9780864224569 |