Demand System Specification and Estimation

Omtale

This book on demand analysis links economic theory to empirical analysis. It provides insights on three levels. First, it reveals something about the economic universe. Second, it illustrates the advantages and disadvantages of various functional forms, and of demographic and stochastic specifications which have wide applicability in empirical demand analysis. Third, it supports the authors' methodological claim that theory provides a useful framework for empirical analysis.