Recent Developments in Applied Demand Analysis: Alcohol, Advertising and Global Consumption - Rilegato

Selvanathan, E. Antony; Clements, Kenneth W.

Rilegato

ISBN 10: 3540591974 ISBN 13: 9783540591979

Casa editrice: Springer Verlag, 1995

Riassunto

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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Contenuti

Contents: The Economic Theory of the Consumer.- Empirical Regularities in Consumption Patterns.- Data-Analytic Techniques for Consumer Economics.- Hypothesis in Demand Analysis.- Undersized Samples and Demand Analysis.- The Demand for Alcoholic Beverages.- Advertising and Consumption: A Theoretical Analysis.- The Effects of Advertising on Alcohol Consumption: An Empirical Analysis.- Rotterdam Model in Forecasting: An Application to the Alcohol Market.- Aggregation and Consumer Demand.

Dettagli dell'edizione

• Editore: Springer Verlag
• Data di pubblicazione: 1995
• Lingua: Inglese
• ISBN 10: 3540591974
• ISBN 13: 9783540591979
• Rilegatura: Copertina rigida
• Numero di pagine: 423
• Contatto del produttore: Elevation; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; 22391; Germania