A Microeconometric Model of Intertemporal Substitution and Consumer Demand
Author: Richard Blundell
Publisher:
Published: 1989
Total Pages: 35
ISBN-13: 9780902992856
DOWNLOAD EBOOKRead and Download eBook Full
Author: Richard Blundell
Publisher:
Published: 1989
Total Pages: 35
ISBN-13: 9780902992856
DOWNLOAD EBOOKAuthor: R. Blundell
Publisher:
Published: 1989
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKAuthor: Jean-Pierre H. Dubé
Publisher:
Published: 2018
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKA long literature has developed econometric methods for estimating individual-consumer-level demand systems that accommodate corner solutions. The increasing access to transaction-level customer purchase histories across a wide array of markets and industries vastly expands the prospect for improved customer insight, more targeted marketing policies and individualized welfare analysis. A descriptive analysis of a broad, CPG database indicates that most consumer brand categories offer a wide variety of differentiated offerings for consumers. However, consumers typically purchase only a limited scope of the available variety, leading to a very high incidence of corner solutions which poses computational challenges for demand modeling. Historically, these computational challenges have limited the applicability of microeconometric models of demand in practice, except for the special case of pure discrete choice (e.g., logit and probit). Recent advances in computing power along with methods for numerical and simulation-based integration have been instrumental in facilitating the broader use of these models in practice. We survey herein the extant literature on the neoclassical derivation of microeconometric demand models that allow for corner solutions and differentiated products. We summarize the key developments in the literature, including the role of consumers' price expectations, and point towards opportunities for future research.
Author: G.D. Myles
Publisher: Elsevier
Published: 2014-06-28
Total Pages: 476
ISBN-13: 1483295508
DOWNLOAD EBOOKContained 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.
Author: László Mátyás
Publisher: Springer Science & Business Media
Published: 2013-12-01
Total Pages: 564
ISBN-13: 9400903758
DOWNLOAD EBOOKThe aim of this volume is to provide a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint. Since the pioneering papers by Kuh (1959), Mundlak (1961), Hoch (1962), and Balestra and Nerlove (1966), the pooling of cross section and time series data has become an increasingly popular way of quantifying economic relationships. Each series provides information lacking in the other, so a combination of both leads to more accurate and reliable results than would be achievable by one type of series alone. Over the last 30 years much work has been done: investigation of the properties of the applied estimators and test statistics, analysis of dynamic models and the effects of eventual measurement errors, etc. These are just some of the problems addressed by this work. In addition, some specific diffi culties associated with the use of panel data, such as attrition, heterogeneity, selectivity bias, pseudo panels etc., have also been explored. The first objective of this book, which takes up Parts I and II, is to give as complete and up-to-date a presentation of these theoretical developments as possible. Part I is concerned with classical linear models and their extensions; Part II deals with nonlinear models and related issues: logit and probit models, latent variable models, incomplete panels and selectivity bias, and point processes.
Author: Geoffrey Alexander Jehle
Publisher:
Published: 2001
Total Pages: 543
ISBN-13: 9780321204530
DOWNLOAD EBOOKThis advanced economics text bridges the gap between familiarity with microeconomic theory and a solid grasp of the principles and methods of modern neoclassical microeconomic theory.
Author:
Publisher: Elsevier
Published: 2019-09-19
Total Pages: 632
ISBN-13: 0444637656
DOWNLOAD EBOOKHandbook of the Economics of Marketing, Volume One: Marketing and Economics mixes empirical work in industrial organization with quantitative marketing tools, presenting tactics that help researchers tackle problems with a balance of intuition and skepticism. It offers critical perspectives on theoretical work within economics, delivering a comprehensive, critical, up-to-date, and accessible review of the field that has always been missing. This literature summary of research at the intersection of economics and marketing is written by, and for, economists, and the book's authors share a belief in analytical and integrated approaches to marketing, emphasizing data-driven, result-oriented, pragmatic strategies. Helps academic and non-academic economists understand recent, rapid changes in the economics of marketing Designed for economists already convinced of the benefits of applying economics tools to marketing Written for those who wish to become quickly acquainted with the integration of marketing and economics
Author: Baldev Raj
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 223
ISBN-13: 3642501273
DOWNLOAD EBOOKA number of advances have taken place in panel data analysis during the pastthree decades and it continues to be one of the most active areas of research. This volume contains 13 significant contributions focusing on modelling strategies, data issues, theoretical analysis and applications. Applied econometrics papers on the economics of labor, health, telecommunications, finance and macroeconomics are provided as well as a survey of recent theoretical developments in panal data analysis. Contributors include both well known scholars and younger researchers from Australia, Canada, Europe and the United States of America.
Author: Fumio Hayashi
Publisher: MIT Press
Published: 1997
Total Pages: 532
ISBN-13: 9780262082556
DOWNLOAD EBOOKAnalysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.
Author: John Haisken-De New
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 214
ISBN-13: 3642801420
DOWNLOAD EBOOKAlthough the issue of migration has received substantial attention in public debate in most countries of the West, only moderately satisfactory attention has been given in the economic literature. This book analyses the case of Germany from an economic point of view. It examines questions such as: Are there substantial negative side-effects of migration, faced by native workers, as sometimes publicly claimed? Do highly skilled and unskilled natives experience different effects? Do certain foreigner national groups affect natives differently? How important is the level of education of these incoming foreigners in determining wage impacts on natives? Do native workers in some industries profit from migration, while others suffer? How is the industrial wage structure affected by migration, if at all?