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.
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Review
Those who are or aspire to be demand analysts will want to buy this book, read it through, refer to it often, and thank Pollak and Wales for their efforts. (The Journal of Consumer Affairs)
Synopsis
This is a book on demand analysis that links economic theory to empirical analysis. The first part shows how theory can be used to specify equation systems suitable for empirical analysis. The second part discusses demand systems estimation using both per capita time series data and household budget data.
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Demand System Specification and Estimation
Published by
Oxford University Press, 1992
ISBN 10: 0195069412
ISBN 13: 9780195069419
Used
Hardcover
Seller: BookHolders, Towson, MD, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. [ No Hassle 30 Day Returns ][ Ships Daily ] [ Underlining/Highlighting: NONE ] [ Writing: NONE ] [ Edition: first ] Publisher: Oxford University Press Pub Date: 9/7/1995 Binding: hardcover Pages: 232 first edition. Seller Inventory # 6933163