E-Book, Englisch, 216 Seiten
Reihe: Princeton Legacy Library
Theory and Empirical Evidence
E-Book, Englisch, 216 Seiten
Reihe: Princeton Legacy Library
ISBN: 978-1-4008-6371-6
Verlag: De Gruyter
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
Autoren/Hrsg.
Weitere Infos & Material
Preface
1 Introduction 3
1.1 The Law of Market Demand 3
1.2 Wald's Axiom 7
1.3 Validation of Hypotheses on Market Demand 9
1.4 On Individual Behavior: Introspection and Plausibility 10
1.5 Substitution and Income Effects 15
1.6 Increasing Spread of Households' Demand 19
1.7 Family Expenditure Data: Increasing Spread of Conditional Demand 22
1.8 Increasing Dispersion 26
2 Market Demand 30
2.1 The Distribution of Households' Demand 30
2.2 A Microeconomic Model: The Distribution of Households' Characteristics 35
2.3 Hicks-Leontief Composite Commodity Theorem 49
2.4 Family Expenditure Surveys: The Data 52
3 Increasing Dispersion 72
3.1 The Hypothesis of Increasing Dispersion of Households' Demand 74
3.2 Examples 88
3.3 Empirical Evidence of Increasing Dispersion of Households' Demand 93
Conclusion to Chapter 3 119
Notes on Chapter 3 120
4 The Law of Demand 122
4.1 The Hypothesis of Increasing Spread of Households' Demand 123
4.2 Empirical Evidence of Increasing Spread 133
4.3 Deductive Validation of Hypothesis 3 156
Notes on Chapter 4 166
App. 1. Monotone Functions 168
App. 2. Wald's Axiom 171
App. 3. The Weak Axiom of Revealed Preference and the Slutsky Decomposition 175
App. 4. Monotonicity of Individual Demand Functions 180
App. 5. Spread and Dispersion 185
App. 6. The Structure of the Matrix B [actual symbol not reproducible] 187
References 195
Author Index 199
Subject Index 201
Index of Frequently Used Symbols 205
