Economics and Consumer Behavior

ISBN-10: 0521296765

ISBN-13: 9780521296762

Edition: 1980

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Description: The idea of duality has proved to be a powerful device in modern work on the economics of consumer behaviour. The authors have used duality to provide an integrated and accessible treatment of this subject. The book focuses on applications of the theory to welfare economics and econometric analysis. The book begins with four chapters that provide a self-contained presentation of the basic theory and its use in applied econometrics. These chapters also include elementary extensions of the theory to labour supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behaviour to include the quality of goods and household production theory, labour supply and human capital theory, the consumption function and intertemporal choice, the demand for durable goods, and choice under uncertainty.

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Book details

List price: $51.00
Copyright year: 1980
Publisher: Cambridge University Press
Publication date: 5/30/1980
Binding: Paperback
Pages: 466
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.342
Language: English

Angus Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs in the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. His many books include "The Analysis of Household Surveys" and "Economics and Consumer Behavior". He is a past president of the American Economic Association.

List of tables and figures
Preface
Consumer Demand Analysis
The limits to choice
Preferences and demand
The theory at work
Extensions to the basic model
Separability and Aggregation
Restrictions on preferences
The theory of market demand
Welfare and Consumer Behaviour
Consumer index numbers
Household characteristics, demand, and household welfare comparisons
Social welfare and inequality
Extensions and Applications
The quality of goods and household production theory
Labor supply
The consumption function and intertemporal choice
The demand for durable goods
Choice under uncertainty
References
List of notation
Name index
Subject index
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