Myles Measurement and Modelling in Economics

1. Auflage 2014
ISBN: 978-1-4832-9550-3
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band Volume 195, 475 Seiten, Web PDF

Reihe: Contributions to Economic Analysis

Contained in this volume are the edited and refereed papers which were presented at a conference held at Nuffield College, Oxford in May 1987. The papers, which represent the recent research of a group of eminent economists, reflect the variety and scope of modern economic analysis. New results are presented in econometric estimation, the theory of aggregation, poverty measurement and the general theory of measurement in economics. The volume is distinguished by the inclusion of the discussion which occurred as each paper was presented, so capturing the interaction and exchange of ideas that characterised the conference.

Autoren/Hrsg.

Myles, G. D.

Inhaltsverzeichnis

1;Front Cover;1
2;Measurement and Modelling in Economics;4
3;Copyright Page;5
4;Table of Contents;12
5;INTRODUCTION TO THE SERIES;6
6;DEDICATION;8
7;PREFACE;10
8;LIST OF CONFERENCE PARTICIPANTS;14
9;CHAPTER 1. INTRODUCTION;16
10;CHAPTER 2. EQUATIONS AND INEQUALITIES IN THE THEORY OF MEASUREMENT;26
10.1;1 Introduction;26
10.2;2 The Equation of Measurement;27
10.3;3 The Inequalities of Inequality Measurement;33
10.4;4 Applications;35
10.5;5 Characterisations of Particular Measures;38
10.6;References;38
10.7;Discussion;41
11;CHAPTER 3. NONPARAMETRIC TESTS OF ADDITIVE DERIVATIVE CONSTRAINTS;58
11.1;1 Introduction;58
11.2;2 The Basic Framework and Examples;62
11.3;3 The Regression Approach to Testing Derivative Constraints;66
11.4;4 Estimation of Departure–Regression Coefficients;72
11.5;5 Conclusion;84
11.6;Appendix 1: Estimator Formulae;86
11.7;Appendix 2: Assumptions;93
11.8;Appendix 3: Proofs;96
11.9;References;104
11.10;Discussion;108
12;CHAPTER 4. POVERTY INDICES AND DECOMPOSABILITY;124
12.1;REFERENCES;132
12.2;Discussion;133
13;CHAPTER 5. OPTIMAL UNIFORM TAXATION AND THE STRUCTURE OF CONSUMER PREFERENCES;146
13.1;1 Introduction;146
13.2;2 The "Deaton11 Condition;147
13.3;3 The Mirrlees Condition;151
13.4;4 A New Condition;156
13.5;5 Extensions;160
13.6;6 Concluding Remarks;161
13.7;References;161
13.8;Discussion;163
14;CHAPTER 6. AGGREGATE PRODUCTION FUNCTIONS AND PRODUCTIVITY MEASUREMENT: A NEW LOOK;172
14.1;1 Introduction;172
14.2;2 Aggregation in the Absence of Variations in Utilization;175
14.3;3 Utilization and the Measurement of Labour Input;178
14.4;4 Capital Measurement, Capacity Utilization and Unobserved Scrapping;183
14.5;5 Measurement Biases in Output;185
14.6;6 Empirical Results;189
14.7;7. Conclusions;206
14.8;Appendix 1:An Alternative Measure of Labour Utilization;209
14.9;Appendix 2:A method for measuring capacity utilization from surveys;212
14.10;References;215
14.11;Discussion;219
15;CHAPTER 7. A MODEL OF CAKE DIVISION WITH A BLIND PLAYER;234
15.1;1 Introduction;234
15.2;2 The Model in Continuous Form;238
15.3;3 Solving for an IC q(s) Function in the Mixed Strategy Case;241
15.4;4 The Model in Discrete Form;242
15.5;5 A Limit Theorem;248
15.6;6 Interpretations of the Model and Implicit Contract Theory;252
15.7;7 Concluding Remarks;255
15.8;APPENDIX;255
15.9;References;258
15.10;GAMBLERS AND LIARS;259
15.11;1 Introduction;259
15.12;2 Random Exclusion.;261
15.13;3 An Information–Revealing Probability Function;265
15.14;4 A Special Case;269
15.15;5 Bisk Aversion and the Probability of Exclusion;272
15.16;6 Concluding Remarks;275
15.17;References;276
15.18;Discussion;277
16;CHAPTER 8. THE ESTIMATION OF ENGEL CURVES;282
16.1;1 Introduction;282
16.2;2 Modelling the Rate of Consumption;284
16.3;3 The Relationship Between Purchases and Consumption;291
16.4;4 Nonlinear Least–Squares Estimation;296
16.5;5 A Fully–Specified Model;304
16.6;REFERENCES;319
16.7;Discussion;320
17;CHAPTER 9. ECONOMETRIC APPROACHES TO THE SPECIFICATIONAND ESTIMATION OFINTERTEMPORAL CONSUMER BEHAVIOUR;340
17.1;1 Introduction;340
17.2;2 Intertemporal Separability, Frisch Demands and Two—StageBudgeting;343
17.3;3 Restrictions and Properties of the Intertemporally Separable Models;358
17.4;4 Estimation from a Cohort Panel;371
17.5;5 Conclusions;380
17.6;REFERENCES;381
17.7;Discussion;386
18;CHAPTER 10. MORE MEASURES FOR FIXED FACTORS;396
18.1;Abstract;396
18.2;1 Introduction;396
18.3;2 Net Supply Functions;398
18.4;3 Relative Supplies;403
18.5;4 Aggregates Independent of Prices;405
18.6;5 Additive Homogeneity;409
18.7;6 A Hint of Rigour;412
18.8;APPENDIX A;416
18.9;APPENDIX B – PROCESSES;423
18.10;APPENDIX C – Market Production;425
18.11;REFERENCES;426
18.12;Discussion;427
19;CHAPTER 11. USE AND MISUSE OF SINGLE–CONSUMER RESULTS IN AMULTI–CONSUMER ECONOMY: THE OPTIMALITY OF PROPORTIONAL COMMODITY TAXATION;440
19.1;1 Introduction;440
19.2;2 Technical Assumptions;441
19.3;3 Community Preferences;442
19.4;4 Implicit Separability;444
19.5;5 The Optimality of Proportional Commodity Taxes;450
19.6;References;459
19.7;Discussion;461
20;AUTHOR INDEX;470
21;SUBJECT INDEX;474