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Duality for the household: Theory and applications

In: Handbook of Agricultural Economics

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LaFrance, Jeffrey T.

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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.

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This chapter was published in: B. L. Gardner & G. C. Rausser (ed.) Handbook of Agricultural Economics, , chapter 18, pages 1025-1081, 2001.

This item is provided by Elsevier in its series Handbook of Agricultural Economics with number 2-18.

Handle: RePEc:eee:hagchp:2-18

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Related research
This chapter was published in the following book, which is listed on IDEAS:
B. L. Gardner & G. C. Rausser (ed.), 2001. "Handbook of Agricultural Economics," Handbook of Agricultural Economics, Elsevier, edition 1, volume 1, number 2, September. [Downloadable!] (restricted)
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Find related papers by JEL classification:
Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

Cited by:
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  1. 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. [Downloadable!]
  2. William Barnett & Apostolos Serletis, 2009. "Measuring Consumer Preferences and Estimating Demand Systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200901, University of Kansas, Department of Economics, revised Jan 2009. [Downloadable!]
    Other versions:
  3. Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," MPRA Paper 8413, University Library of Munich, Germany. [Downloadable!]
    Other versions:
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