Recent Developments in Applied Demand Analysis

Name: Recent Developments in Applied Demand Analysis
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783642852077
Price: 276.72 RON
Availability: InStock

Alcohol, Advertising and Global Consumption

Autor: E. A. Selvanathan, Kenneth W. Clements

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Legare: Carte broșată

Editura: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

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The study of consumer demand is important for a number of reasons. First, as total consumption absor...

Informații despre carte

Autor

E. A. Selvanathan, Kenneth W. Clements

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2011

Pagini

396

EAN

9783642852077

ISBN

3642852076

Enbook ID

07088218

Editura

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Greutate

606

Dimensiuni

159 x 230 x 23

Descriere completă

The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.

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Recent Developments in Applied Demand Analysis

Alcohol, Advertising and Global Consumption

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