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Measuring Consumer Preferences and Estimating Demand Systems

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  • William Barnett

    (Department of Economics, The University of Kansas)

  • Apostolos Serletis

    (Department of Economics, University of Calgary)

Abstract

This chapter is an up-to-date survey of the state-of-the art in consumer demand analysis. We review (and evaluate) advances in a number of related areas, in the spirit of the recent survey paper by Barnett and Serletis (2008). In doing so, we only deal with consumer choice in a static framework, ignoring a number of important issues, such as, for example, the effects of demographic or other variables that affect demand, welfare comparisons across households (equivalence scales), and the many issues concerning aggregation across consumers.

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Bibliographic Info

Paper provided by University of Kansas, Department of Economics in its series WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS with number 200901.

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Length: 37 pages
Date of creation: Jan 2009
Date of revision: Jan 2009
Handle: RePEc:kan:wpaper:200901

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Keywords: Demand systems; Consumer preferences; Theoretical regularity.;

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