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Understanding Consumption Patterns

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Author Info

  • Clements, Kenneth W
  • Selvanathan, Saroja

Abstract

The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics. This paper reviews, distills and systematises some of the major empirical findings on consumption patterns, concentrating in particular on the more recent (and in some cases, more controversial) evidence. One of the key conclusions of the paper is that on the basis on new methods, the hypotheses of homogeneity, symmetry and preference independence are not at such wide variance with the data as was once thought to be the case.

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Bibliographic Info

Article provided by Springer in its journal Empirical Economics.

Volume (Year): 19 (1994)
Issue (Month): 1 ()
Pages: 69-110

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Handle: RePEc:spr:empeco:v:19:y:1994:i:1:p:69-110

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Cited by:
  1. Leon Podkaminer, 2004. "Why is food cheaper in rich (European) countries?," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 57(230), pages 297-327.
  2. Yu, Wusheng & Hertel, Thomas W. & Preckel, Paul V. & Eales, James S., 2003. "Projecting World Food Demand Using Alternative Demand Systems," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25905, International Association of Agricultural Economists.
  3. Kaushik Deb & Massimo Filippini, 2013. "Public Bus Transport Demand Elasticities in India," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 47(3), pages 419-436, September.
  4. Alessandro Podkaminer, 2004. "PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?," Moneta e Credito, Economia civile, vol. 57(227), pages 311-345.
  5. Kenneth Clements & Wana Yang & Simon Zheng, 1997. "Is utility additive? The case of alcohol," Applied Economics, Taylor & Francis Journals, vol. 29(9), pages 1163-1167.
  6. Wassie Berhanu & Bichaka Fayissa, 2010. "Analysis of the Household Economy and Expenditure Patterns of a Traditional Pastoralist Society in Southern Ethiopia," Working Papers 201005, Middle Tennessee State University, Department of Economics and Finance.
  7. Leon Podkaminer, 2013. "Persistent gaps between purchasing power parities and exchange rates under the law of one price: a puzzle (partly) explained?," Bank i Kredyt, National Bank of Poland, Economic Institute, vol. 44(4), pages 333-352.
  8. Bohman, Helena & Nilsson, Désirée, 2006. "Income Inequality as a Determinant of Trade Flows," Working Paper Series in Economics and Institutions of Innovation 73, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

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