Quantifying Consumer Preferences
Demand studies and understanding consumer behavior remain two of the most important areas of analysis by practicing applied economists and econometricians. This book presents research on the estimation of demand systems and the measurement of consumer preferences.
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aggregate AIDS model alternative applied approach approximate assumption attributes Barnett Basmann Blundell budget shares bundle chapter coefficients commodity constraint consumer demand consumer's consumption cost function curvature defined by Eq demand analysis demand equations demand functions demand system derivatives Diewert and Wales differential discussion Econometrica effects elasticity of substitution empirical Engel curves equivalence scales estimation example expenditure function flexible functional form forvalues GARP global heterogeneity Hicksian homogeneous function homothetic household implies imposed income index number indifference curves indirect utility function international tourist arrivals Lewbel linear restrictions linearly homogeneous Marshallian demand measure Muellbauer negative semidefinite nonlinear nonparametric normalized quadratic observed obtain parameters period price index price vector properties quantity index quietly replace rationality regression reparameterization result revealed preference Review of Economic Rotterdam model satisfy Section Serletis share equations Shephard's lemma specification Statistics superlative index symmetric symmetric matrix theory translog unit cost function unobserved variables