Economics and consumer behavior

Fülszöveg

The idea of duality has proved to be a powerful device in modern work on the economics of consumer behavior. The authors have used duality to provide an integrated and accessible treatment of this subject. The book focuses on applications of the theory to welfare economics and econometric analysis.
The book begins with four chapters that provide a self-contained presentation of the basic theory and its use in applied econometrics. These chapters also include elementary extensions of the theory to labor supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behavior to include the quality of goods and household production... Tovább

Fülszöveg

The idea of duality has proved to be a powerful device in modern work on the economics of consumer behavior. The authors have used duality to provide an integrated and accessible treatment of this subject. The book focuses on applications of the theory to welfare economics and econometric analysis.
The book begins with four chapters that provide a self-contained presentation of the basic theory and its use in applied econometrics. These chapters also include elementary extensions of the theory to labor supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behavior to include the quality of goods and household production theory, labor supply and human capital theory, the consumption function and intertemporal choice, the demand for durable gocxls, and choice under uncertainty.
Much of the material in this book is too recent to have appeared in any previous text. The structure of the book is designed to permit its use for a wide variety of courses, both short and long, for upper-level undergraduates and more senior students. Examples for students to work are provided throughout the book. Vissza