Economics and Consumer Behavior
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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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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $51.00
Copyright year: 1980
Publisher: Cambridge University Press
Publication date: 5/30/1980
Size: 6.25" wide x 9.25" long x 1.00" tall
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|
|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|
|The consumption function and intertemporal choice|
|The demand for durable goods|
|Choice under uncertainty|
|List of notation|