Consumer Demand in the United States Prices, Income, and Consumption Behavior /

• Main Authors: Taylor, Lester D. (Author), Houthakker, H.S. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: New York, NY : Springer New York, 2010.
• Subjects: Economics.; Econometrics.; Macroeconomics.; Finance.; Marketing.; Economics/Management Science.; Macroeconomics/Monetary Economics.; Financial Economics.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-1-4419-0510-9

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 Americas...

Table of Contents:

• Introduction and Overview
• Demand Theory Under Review
• Econometric and Estimation Considerations
• Appendix On a Bilateral Law-of-Pareto
• Description of Data Used From The On-Going 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
• Appendix Addendum to the CES Analysis: Estimates of Total-Expenditure Elasticities for 24 Additional Quarters, 2000-2005
• Analysis of Time-Series Data on Personal Consumption Expenditures from The U. S. National Income and Product Accounts
• Quarterly PCE Models
• Annual PCE Models
• Appendix 15.1 Demand for Electricity
• Appendix 15.2 Demand for Telecommunications
• Appendix 15.3 Used Car Prices and the Demand for Automobiles
• Discussion of the Time-Series Results
• Comparison of Time-Series and Cross-Sectional Elasticities
• Overall Assessment of CES and PCE Elasticities
• Dynamics of Personal Saving.-The Stationarity of Consumer Preferences: Evidence From Twenty Countries
• Conic Distributions of Earned Income
• Notes on Thick-Tailed Distributions of Wealth
• Final Evaluation.