Welfare. In 2 vol. Vol. 1. Aggregate consumer behavior
Опубликовано на портале: 28-10-2003
Cambridge, Mass: MIT Press, 1997, V. 1 , 540 с.
Тематический раздел:
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This volume presents a new approach to econometric modeling of aggregate consumer
behavior. The approach has successfully extricated demand modeling from the highly
restrictive framework provided for more than half a century by the model of a representative
consumer. Like the representative consumer model that preceded it, the new approach
rests on the theory of individual behavior. The centerpiece of the volume is an econometric
model of demand obtained by aggregating over a population of utility-maximizing consumers.
The essential innovation is to incorporate attributes of consumers reflecting heterogeneous preferences into a model of aggregate behavior. Heterogeneity is captured by allowing preferences to depend on the demographic characteristics of households. This model unifies the two principal streams of empirical research on consumer behavior by pooling aggregate time series with cross-section data for individual households and provides a new point of departure for future research. |
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- Transcendental Logarithmic Utility Functions
L.R. Christensen, D.W. Jorgenson, and L.J. Lau-
1.1 Introduction
1.2 Transcendental Logarithmic Utility Functions
1.3 Testing the theory of Demand
1.4 Empirical Results
1.5 Summary and Conclusion
- The Structure of Consumer Preferences
D.W. Jorgenson and L.J. Lau-
2.1 Introduction
2.2 Transcendental Logarithmic Utility functions with Time-Varying Preferences
2.3 Preference Structure
2.4 Empirical Results
- Statistical Tests of the Theory of Consumer Behavior
Dale W. Jorgenson and L.J. Lau-
3.1 Introduction
3.2 Integrability
3.3 Additive Demand Functions
3.4 Rotterdam Demand Functions
3.5 Conclusion
- The Integrability of Consumer Demand Functions
Dale W. Jorgenson and L.J. Lau-
4.1 Introduction
4.2 Integrability
4.3 Homogeneity and Summability
4.4 Symmetry
4.5 Nonnegativity and Monotonicity
4.6 Conclusion
Appendix 4A
Appendix 4B
Appendix 4C
- Testing the Integrability of consumer Demand Functions, United States, 1947-1971
Dale W. Jorgenson and L.J. Lau-
5.1 Introduction
5.2 Integrability
5.3 Empirical Tests
5.4 Conclusion
- The Structure of Consumer Preferences, Federal Republic of Germany, 1950-1973
K. Conrad and Dale W. Jorgenson-
6.1 Introduction
6.2 Transcendental Logarithmic Utility Functions with Time-Varying Preferences
6.3 Preference Structure
6.4 Statistical Tests
6.5 Empirical Results
6.6 Summary
- Testing the Integrability of Consumer Demand Functions, Federal Republic
of Germany, 1950-1973
K. Conrad and Dale W. Jorgenson-
7.1 Introduction
7.2 Direct and Indirect Systems
7.3 Integrability
7.4 Estimation and Testing
7.5 Conclusion
Appendix
- Transcendental Logarithmic Model of aggregate Consumer Behavior
Dale W. Jorgenson, L.J. Lau, and T.M. Stoker-
8.1 Introduction
8.2 Exact Aggregation for Consumers with Identical Preferences
8.3 Exact Aggregation with Differences in Individual Preferences
8.4 Demands as functions of Prices
8.5 Translog Model of Consumer behavior
8.6 Econometrics of the Translog Model
8.7 Aggregate Consumer Behavior in the United States, 1958-1974
Appendix 8.1 Cross-Section Estimation Results
Appendix 8.2 Aggregate Instrumental Variables
- Aggregate Consumer Expenditures on Energy
Dale W. Jorgenson and T.M. Stoker-
9.I Aggregate Consumer Expenditures on Energy
9.I.1 Introduction
9.I.2 Translog Model of Consumer Behavior
9.I.3 Econometrics of aggregate Energy Expenditures
9.II Individual Energy Expenditures
9.II.1 Introduction
9.II.2 Consumer Expenditure Survey of 1960/61
9.II.3 Consumer Expenditure Survey of 1972
9.II.4 Separability of transportation and household Operations
9.II.5 Lifestyle and Household Energy Use Survey of 1973
9.II.6 Lifestyle and Household Energy Use Survey of 1975
9.II.7 Summary and Conclusion
Appendix
9.III Aggregate Energy Expenditures
9.III.1 Introduction
9.III.2 Pooled Estimation Results
9.III.3 Consumer Expenditure Surveys
9.III.4 Separability of Transportation and Household Operations
9.III.5 Tests of Structural Change
9.III.6 Summary and Conclusion
Appendix
- Nonlinear Three-Stage Least Squares Pooling of Cross-Section and Time-Series
Observations
Dale W. Jorgenson and T.M. Stoker-
10.1 Introduction
10.2 Stochastic Specification
10.3 The nonlinear Three-Stage Least Squares Estimator
10.4 Parametric Hypothesis Tests
10.5 Estimation Subject to Inequality Restrictions
10.6 Illustration: Residential Demand for Energy
10.7 Conclusion
Appendix 10.A Technical Assumptions
Appendix 10.B Instrumental Variables, 1958-1978
- Two-Stage Budgeting and Consumer Demand for Energy
Dale W. Jorgenson, D.T. Slesnick, and T.M. Stoker-
11.1 Introduction
11.2 Translog Model of Consumer Behaviors
11.3 Econometrics of Exact Aggregation
11.4 Empirical Results
11.A Appendix: Instrumental Variables, 1958-1978
References
Index
List of Tables
Preface
List of Sources
Ключевые слова
См. также:
American Economic Review.
1987.
Vol. 77.
No. 4.
P. 647-666.
[Статья]
Review of Economics and Statistics.
1980.
Vol. 62.
No. 2.
P. 318-321.
[Статья]
[Книга]
[Учебная программа]