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Sinopsis
This volume presents a new approach to econometric modeling of aggregate consumer behavior. The approach has successfully extricated demand modeling from the highly restrictive framework provided for more than half a century by the model of a representative consumer. Like the representative consumer model that preceded it, the new approach rests on the theory of individual behavior. The centerpiece of the volume is an econometric model of demand obtained by aggregating over a population of utility-maximizing consumers.
The essential innovation is to incorporate attributes of consumers reflecting heterogeneous preferences into a model of aggregate behavior. Heterogeneity is captured by allowing preferences to depend on the demographic characteristics of households. This model unifies the two principal streams of empirical research on consumer behavior by pooling aggregate time series with cross-section data for individual households and provides a new point of departure for future research.
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Críticas
"Dale W. Jorgenson's contributions to consumer and welfare economics collected in these volumes represent a very impressive achievement in the way they combine economic theory, theoretical and applied econometrics, statistics, and empirical work with actual macro and micro data. His work certainly has become a considerable source of inspiration to economists and econometricians working in these areas, and I am sure they will inspire future generations as well." --Erik Biorn, Professor of Economics, University of Oslo
Reseña del editor
This volume presents a new approach to econometric modeling of aggregate consumer behavior. The approach has successfully extricated demand modeling from the highly restrictive framework provided for more than half a century by the model of a representative consumer. Like the representative consumer model that preceded it, the new approach rests on the theory of individual behavior. The centerpiece of the volume is an econometric model of demand obtained by aggregating over a population of utility-maximizing consumers. The essential innovation is to incorporate attributes of consumers reflecting heterogeneous preferences into a model of aggregate behavior. Heterogeneity is captured by allowing preferences to depend on the demographic characteristics of households. This model unifies the two principal streams of empirical research on consumer behavior by pooling aggregate time series with cross-section data for individual households and provides a new point of departure for future research.
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Welfare: Volume 1: Aggregate Consumer Behaviour
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The MIT Press, Cambridge, MA, U.S.A. & London, 1997
ISBN 10: 0262100622
ISBN 13: 9780262100625
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Librería: PsychoBabel & Skoob Books, Didcot, Reino Unido
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Hardcover. Condición: Very Good. Hardcover. From the collection of the late Professor Sir A.B. Atkinson. Minor scuffing and a few light scores on dust jacket. Jacket and hardcover spine ends are lightly bumped. Slight wear on jacket leading corners. One or two small marks on front board and page block. Pages are clean. Contents are clear throughout. AF. Used. Nº de ref. del artículo: 469235
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Welfare, Vol. 1: Aggregate Consumer Behavior
Publicado por
The MIT Press, 1997
ISBN 10: 0262100622
ISBN 13: 9780262100625
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Librería: My Dead Aunt's Books, Hyattsville, MD, Estados Unidos de America
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Hardcover. Condición: As New. like new. great copy. Nº de ref. del artículo: 083506
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Welfare - Vol. 1: Aggregate Consumer Behavior
Librería: Buchpark, Trebbin, Alemania
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Condición: Sehr gut. Zustand: Sehr gut | Seiten: 574 | Sprache: Englisch | Produktart: Bücher. Nº de ref. del artículo: 2332560/202
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Welfare - Vol. 1: Aggregate Consumer Behavior (Ref. Library of the Humanities; 1887)
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Mit Press 08.08.1997., 1997
ISBN 10: 0262100622
ISBN 13: 9780262100625
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Librería: Martin Preuß / Akademische Buchhandlung Woetzel, Kerzenheim, Alemania
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Condición: Neu. Auflage: New. 574 Seiten Neu! - Versandfertig am nächsten Tag; Rechnung mit MwSt. liegt bei! Sprache: Englisch Gewicht in Gramm: 1134 23,6 x 21,3 x 2,3 cm, Gebundene Ausgabe. Nº de ref. del artículo: 31046
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Welfare, Vol. 1: Aggregate Consumer Behavior
Publicado por
The MIT Press, 1997
ISBN 10: 0262100622
ISBN 13: 9780262100625
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Librería: HPB Inc., Dallas, TX, Estados Unidos de America
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hardcover. Condición: Very Good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority! Nº de ref. del artículo: S_303526630
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Welfare, Vol. 1: Aggregate Consumer Behavior
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Hardcover. Condición: New. New. book. Nº de ref. del artículo: D7S9-1-M-0262100622-6
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