Consumer demand in the United States: Prices, income, and consumption behavior: Prices, Income, and Consumption Behavior
A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer New York
2010
|
| Ausgabe: | 3rd ed. 2010 |
| Schlagworte: | |
| Online-Zugang: | DE-634 DE-355 DE-706 Volltext |
| Zusammenfassung: | A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations |
| Beschreibung: | 1 Online-Ressource (XXIV, 522 p) |
| ISBN: | 9781441905109 |
| DOI: | 10.1007/978-1-4419-0510-9 |
Internformat
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| 520 | |a A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations | ||
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| author | Taylor, Lester D. 1938- Houthakker, Hendrik S. 1924-2008 |
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| isbn | 9781441905109 |
| language | English |
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| spelling | Taylor, Lester D. 1938- Verfasser (DE-588)170550842 aut Consumer demand in the United States: Prices, income, and consumption behavior by Lester D. Taylor, H.S. Houthakker 3rd ed. 2010 New York, NY Springer New York 2010 1 Online-Ressource (XXIV, 522 p) txt rdacontent c rdamedia cr rdacarrier A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations Macroeconomics/Monetary Economics//Financial Economics Econometrics Marketing Macroeconomics Houthakker, Hendrik S. 1924-2008 (DE-588)11912663X aut Erscheint auch als Druck-Ausgabe 9781441905093 Erscheint auch als Druck-Ausgabe 9781441905116 Erscheint auch als Druck-Ausgabe 9781489983923 https://doi.org/10.1007/978-1-4419-0510-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Taylor, Lester D. 1938- Houthakker, Hendrik S. 1924-2008 Consumer demand in the United States: Prices, income, and consumption behavior Macroeconomics/Monetary Economics//Financial Economics Econometrics Marketing Macroeconomics |
| title | Consumer demand in the United States: Prices, income, and consumption behavior |
| title_auth | Consumer demand in the United States: Prices, income, and consumption behavior |
| title_exact_search | Consumer demand in the United States: Prices, income, and consumption behavior |
| title_full | Consumer demand in the United States: Prices, income, and consumption behavior by Lester D. Taylor, H.S. Houthakker |
| title_fullStr | Consumer demand in the United States: Prices, income, and consumption behavior by Lester D. Taylor, H.S. Houthakker |
| title_full_unstemmed | Consumer demand in the United States: Prices, income, and consumption behavior by Lester D. Taylor, H.S. Houthakker |
| title_short | Consumer demand in the United States: Prices, income, and consumption behavior |
| title_sort | consumer demand in the united states prices income and consumption behavior |
| title_sub | Prices, Income, and Consumption Behavior |
| topic | Macroeconomics/Monetary Economics//Financial Economics Econometrics Marketing Macroeconomics |
| topic_facet | Macroeconomics/Monetary Economics//Financial Economics Econometrics Marketing Macroeconomics |
| url | https://doi.org/10.1007/978-1-4419-0510-9 |
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