rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Consumer Demand in the United States
    sub title: Prices, Income, and Consumption Behavior
  name:
    name part: Taylor, Lester D.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Houthakker, H.S.
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: xxu
    date issued: 2010
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XXIV, 522 p. online resource.
  abstract: A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations.
  table of contents: Preliminaries -- and Overview -- Demand Theory Under Review -- Quantile Regression: A Robust Alternative to Least Squares -- Analyses of Data from BLS Consumer Expenditure Surveys -- Description of Data Used from the Ongoing BLS Consumer Expenditure Surveys -- Stability of U.S. Consumption Expenditure Patterns: 1996–1999 -- Price and Income Elasticities Estimated from BLS Consumer Expenditure Surveys and ACCRA Price Data: Some Preliminary Results -- Estimation of Theoretically Plausible Demand Functions from U.S. Consumer Expenditure Survey Data -- An Additive Double-Logarithmic Consumer Demand System -- Quantile Regression Analysis of Asymmetrically Distributed Residuals -- CES Panel Dynamics: A Discrete-Time Flow-Adjustment Model -- Engel Curves for 29 Categories of CES Expenditure -- Summary of Cross-Sectional Results -- Analysis of Time-Series Data from National Income and Product Accounts -- Analysis of Time-Series Data on Personal Consumption Expenditures from the U.S. National Income and Product Accounts -- Quarterly PCE Models -- Annual PCE Models -- Discussion of the Time-Series Results -- Comparison of Time-Series and Cross-Sectional Elasticities -- Overall Assessment of CES and PCE Elasticities -- The Dynamics of Personal Saving -- Miscellaneous Studies of Income Distribution and Weak Axiom of Revealed Preference -- The Stationarity of Consumer Preferences: Evidence from Twenty Countries -- Notes on Thick-Tailed Distributions of Wealth -- Conic Distributions of Earned Incomes -- Final Evaluation.
  note: by Lester D. Taylor, H.S. Houthakker.
  subject:
    topic: Marketing
  subject:
    topic: Econometrics
  subject:
    topic: Macroeconomics
  subject:
    topic: Economics
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Econometrics
  subject:
    topic: Marketing
  classification: HB172.5
  classification: 339
  related item:
    title info:
      title: Springer eBooks
  identifier: 9781441905109
  identifier: http://dx.doi.org/10.1007/978-1-4419-0510-9
  record info:
    record creation date: 110414
    record change date: 20151204141449.0
    record identifier: 978-1-4419-0510-9