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Duality for the household: Theory and applications

In: Handbook of Agricultural Economics

Author

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  • LaFrance, Jeffrey T.

Abstract

This chapter presents the theory of consumer choice as applied to household behavior. An internally consistent, self-contained framework is developed for the analysis of consumer preferences, household production, quality attributes, and produced nonmarket commodities in static and dynamic environments. Consumer expectations and naive and rational habit formation are considered in detail. The emphasis is on developing an internally consistent duality for consumer choice theory in each of these contexts. The chapter develops a general, logically consistent modeling framework for the applied economic analysis of consumption choices by the household.

Suggested Citation

  • LaFrance, Jeffrey T., 2001. "Duality for the household: Theory and applications," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 18, pages 1025-1081, Elsevier.
    • Handle: RePEc:eee:hagchp:2-18
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    Citations

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    Cited by:

    1. Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," Journal of Econometrics, Elsevier, vol. 147(2), pages 210-224, December.
    2. LaFrance, Jeffrey T., 2005. "Energy efficiency and appliance replacement," CUDARE Working Papers 120462, University of California, Berkeley, Department of Agricultural and Resource Economics.
    3. Barnett, William A. & Serletis, Apostolos, 2008. "Measuring Consumer Preferences and Estimating Demand Systems," MPRA Paper 12318, University Library of Munich, Germany.
    4. Zilberman, David & Kaplan, Scott, 2014. "What the Adoption Literature can teach us about Social Media and Network Effects on Food Choices," 2014 AAEA/EAAE/CAES Joint Symposium: Social Networks, Social Media and the Economics of Food, May 29-30, 2014, Montreal, Canada 173076, Agricultural and Applied Economics Association.
    5. Moro, Daniele, 2008. "Market And Policy Issues In Micro-Econometric Demand Modeling," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6500, European Association of Agricultural Economists.

    More about this item

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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