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The Static and the Dynamic in Statistical Demand Curves

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  • Wirth F. Ferger

Abstract

Introduction, 36. — I. Controversy concerning the nature of statistical demand curves, 37; Distinction between "time" and "dynamics," 39.— II. Different types of "demand" relationships, 42.— III. Statistical determination of demand curves, static conditions, 43; Simple dynamic conditions, 43; First and second order dynamics, 44; Trend-ratios, 45; Link relatives, 46; Different phenomena measured, 46; Distortion by link relatives, 47.— IV. The scatter-diagram — choice of curves, 49; Demand curves for individual years, and shifts, 53.— V. Correlated changes of demand and supply, 54; Dealers' and speculators' demands, 55; Pigou's method, 56; Douglas' method, 56; Leontief's method, 57; Mrs. Gilboy's method, 58; Multiple and partial correlation methods, 59.— Conclusions, 61.

Suggested Citation

  • Wirth F. Ferger, 1932. "The Static and the Dynamic in Statistical Demand Curves," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 47(1), pages 36-62.
  • Handle: RePEc:oup:qjecon:v:47:y:1932:i:1:p:36-62.
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    File URL: http://hdl.handle.net/10.2307/1885184
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    Cited by:

    1. Christopher L. Gilbert & Duo Qin, 2005. "The First Fifty Years of Modern Econometrics," Working Papers 544, Queen Mary University of London, School of Economics and Finance.
    2. Somya Arora, 2021. "Why Are Downward-Sloping Demand Curves Unrealistic? A Critical Review of Factors Influencing Demand in More Realistic Scenario-I," Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, Voices of Inclusive Change and Expressions- (VOICE) Trust, Dehradun, Uttarakhand, vol. 8(4), pages 1-16, October-D.
    3. Jean-Sébastien Lenfant, 2006. "Complementarity and Demand Theory: From the 1920s to the 1940s," History of Political Economy, Duke University Press, vol. 38(5), pages 48-85, Supplemen.
    4. Somya Arora, 2022. "Why Are Downward-Sloping Demand Curves Unrealistic? A Critical Review of Factors Influencing Demand in More Realistic Scenario-II," Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, Voices of Inclusive Change and Expressions- (VOICE) Trust, Dehradun, Uttarakhand, vol. 9(1), pages 1-11, January-M.

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