عنوان

Recent developments in applied demand analysis :

(Number (ISBN

364285205X

(Number (ISBN

9783642852053

Number

b540001

Title Proper

Recent developments in applied demand analysis :

General Material Designation

[Book]

Other Title Information

alcohol, advertising and global consumption

First Statement of Responsibility

E.A. Selvanathan, Kenneth W. Clements.

Edition Statement

1st edition

Place of Publication, Distribution, etc.

Berlin

Name of Publisher, Distributor, etc.

Springer, reprinted

Date of Publication, Distribution, etc.

[2013] ©1995

Text of Note

1 The Economic Theory of the Consumer.- 1.1 Introduction.- 1.2 Demand Analysis Without Utility Theory.- 1.3 The Consumer's Maximization Problem.- 1.4 Specified Forms of the Utility Function.- 1.5 Preference Independence.- 1.6 Specifying the Form of the Indirect Utility Function.- 1.7 Specifying the Form of the Cost Function.- 1.8 Working's Model.- 1.9 Divisia Indexes.- 1.10 Barten's Fundamental Matrix Equation.- 1.11 Solving the Matrix Equation.- 1.12 A Differential Demand System.- 1.13 Derivations and Extensions.- 1.14 Examples of Differential Demand Equations.- 1.15 The Rotterdam Model.- 1.16 Simpler Demand Systems.- 1.17 An Even Simpler Demand System.- 1.18 Working's Model Further Considered.- 1.19 The Behaviour of Implied Income Elasticities.- 1.20 More on Substitutes and Complements.- 1.21 Preference Independence and Block Independence.- 1.22 The Demand for Groups of Goods Under Block Independence.- 1.23 Conditional Demand Equations.- 1.24 Derivations of Conditional Demand Equations.- 1.25 The Conditional Version of the Rotterdam Model.- References.- 2 Empirical Regularities in Consumption Patterns.- 2.1 Introduction.- 2.2 OECD Consumption.- 2.3 Divisia Variances.- 2.4 Engel's Law.- 2.5 Homogeneity and Symmetry.- 2.6 The Validity of Preference Independence.- 2.7 Are Tastes Constant?.- 2.8 The Frisch Conjecture.- 2.9 Some Further International Consumption Data.- 2.10 The Linear Expenditure System.- 2.11 More on Working's Model.- 2.12 A World Demand System.- References.- 3 Data-Analytic Techniques for Consumer Economics.- 3.1 Introduction.- 3.2 The Basic Data.- 3.3 Divisia Indexes.- 3.4 Scatter Plots.- 3.5 Further Estimates of the Income Flexibility.- 3.6 Derivations.- 3.7 Comments on Assumptions.- References.- 4 Hypothesis Testing in Demand Analysis.- 4.1 Introduction.- 4.2 The Demand Model.- 4.3 Homogeneity.- 4.4 Symmetry.- 4.5 Monte Carlo Testing.- 4.6 Homogeneity Revisited.- 4.7 Symmetry Revisited.- 4.8 Preference Independence Revisited.- 4.9 Specifying the Covariance Matrix.- 4.10 The Implied Demand Elasticities.- 4.11 More on the Elasticities.- 4.12 Conclusion.- Appendices to Chapter 4.- A4.1 Estimation Under Preference Independence with the Usual Covariance Matrix.- A4.2 Estimation Under Preference Independence with the Alternative Covariance Matrix.- References.- 5 Undersized Samples and Demand Analysis.- 5.1 Introduction.- 5.2 Working's Model.- 5.3 Estimation Procedures.- 5.4 Alternative Covariance Matrices.- 5.5 A Simulation Experiment.- 5.6 More Simulations.- 5.7 Hypothesis Testing.- 5.8 Concluding Comments.- Appendices to Chapter 5.- A5.1 When is the Sample Undersized?.- A5.2 The asymptotic Standard Errors of the Slutsky Coefficients under Preference Independence.- References.- 6 The Demand for Alcoholic Beverages.- 6.1 Introduction.- 6.2 The Data.- 6.3 The Effects of Relative Prices and Income: A Preliminary Analysis.- 6.4 Testing Homogeneity and Symmetry.- 6.5 The Utility Interactions Among Beverages.- 6.6 The Second Version of the Demand Model.- 6.7 How Reliable are the ML Estimators?.- 6.8 The Goodness of Fit of the Model.- 6.9 The Demand for Alcohol as a Whole.- 6.10 On Substitutes and Complements.- 6.11 Comparison with Other Studies.- 6.12 Concluding Comments.- References.- 7 Advertising and Consumption: A Theoretical Analysis.- 7.1 Introduction.- 7.2 Advertising and Consumption.- 7.3 The Comparative Statics of Advertising.- 7.4 Two Special Cases.- 7.5 Indexes of Advertising.- 7.6 A Differential Demand System With Advertising.- 7.7 Derivations.- 7.8 Block Independence.- 7.9 A Groupwise Index of Advertising.- 7.10 The Composite Demand Equation.- 7.11 Conditional Demand Equations.- 7.12 Conditional Demand Equations in Absolute Prices.- 7.13 The Unconditional Demand Equations.- 7.14 More Derivations.- References.- 8 The Effects of Advertising on Alcohol Consumption: An Empirical Analysis.- 8.1 Introduction.- 8.2 The UK Alcohol Advertising Data.- 8.3 Divisia Indexes of Alcohol Advertising.- 8.4 The Extended Generalized Rotterdam Model.- 8.5 The Corrected Quantity-Advertising Indexes.- 8.6 Estimates of the Corrected Quantity-Advertising Correlation.- 8.7 Estimates of the Elasticity of Marginal Utility.- 8.8 Estimates of the Conditional Demand Equations.- 8.9 Advertising in Stock Form.- 8.10 Is Advertising Predetermined?.- 8.11 The Unconditional Elasticities.- 8.12 Previous Studies.- Appendix to Chapter 8.- References.- 9 Rotterdam Model in Forecasting: An Application to the Alcohol Market.- 9.1 Introduction.- 9.2 The Rotterdam Demand Model.- 9.3 Block Structure of Alcohol Market.- 9.4 The Forecasting Procedure.- 9.5 The Forecasts.- 9.6 The Bootstrap Standard Errors of the Forecasts.- 9.7 Forecasts versus Observed.- References.- 10 Aggregation and Consumer Demand.- 10.1 Introduction.- 10.2 Aggregation Over Commodities.- 10.3 The Convergence Approach to Linear Aggregation.- 10.4 Demand Equations in Absolute Prices.- 10.5 Derivations.- 10.6 The Aggregation Bias of the Slutsky Coefficients.- 10.7 Demand Equations in Relative Prices.- 10.8 Derivation of the Relative Price Version of the Macro Demand Model ...- 10.9 The Remainder Terms.- 10.10 Properties of the Macrocoefficients.- References.

Class number

Book number

E.A. Selvanathan, Kenneth W. Clements.

E Antony Selvanathan

Kenneth W Clements

Electronic name

[Book]

Y