Estimating demand systems: A brief survey
dc.contributor.author  Guo, Yingtong  en_NZ 
dc.date.available  20110407T03:15:04Z  
dc.date.copyright  200004  en_NZ 
dc.identifier.citation  Guo, Y. (2000, April). Estimating demand systems: A brief survey (Thesis). Retrieved from http://hdl.handle.net/10523/1384  en 
dc.identifier.uri  http://hdl.handle.net/10523/1384  
dc.description.abstract  The theory of consumer demand is the oldest and one of the most fruitful research areas in economics. Theoretically, it is concerned with allocation problems that are the foundation of microeconomics, that is, the optimal allocation of given means over various alternatives. Besides consumer behaviour, the allocation models are explored to solve problems in other topics of economic theory, like production, trade, and agriculture. The understanding of consumer demand analysis surely helps one build up the knowledge of the methodology of economic studies. Empirically, demand analysis provides policymakers with important reference for their decisions on welfare issues such as poverty and inequality measurement. The tax reform in Europe and US is the drive for the new round of great interest in this area because demand analysis can roughly depict the welfare consequences by its indices. A number of books have done comprehensive surveys of applied demand analysis, for example Bewley (1986), Deaton and Muelbauer (1980), and Pollak and Wales (1992). Numerous articles also have been published on this topic. However, the literature is often too academic for nonspecialists to comprehend. Therefore, this paper focuses the attention on understanding the evolution of the applied demand analysis and the methodology required. In reviewing relevant literature, this paper aims to give readers an overall picture of this area. Section 2 starts from the origin of demand and then discusses the properties of demand functions. After this, it goes to the choice of functional forms, which is the actual construction of demand systems. The last part of this section introduces some common specifications of demand systems and their merits and weakness. Section 3 discusses how to compare different systems on the basis of their performance. Section 4 concludes the whole paper.  en_NZ 
dc.subject  optimal allocation  en_NZ 
dc.subject  consumer demand  en_NZ 
dc.subject  microeconomics  en_NZ 
dc.subject  allocation models  en_NZ 
dc.subject.lcsh  HF Commerce  en_NZ 
dc.subject.lcsh  HF5601 Accounting  en_NZ 
dc.subject.lcsh  HB Economic Theory  en_NZ 
dc.title  Estimating demand systems: A brief survey  en_NZ 
dc.type  Thesis  en_NZ 
dc.description.version  Unpublished  en_NZ 
otago.bitstream.pages  48  en_NZ 
otago.date.accession  20070413  en_NZ 
otago.school  Economics  en_NZ 
thesis.degree.discipline  Economics  en_NZ 
thesis.degree.grantor  University of Otago  en_NZ 
thesis.degree.level  Masters Theses  en_NZ 
otago.interloan  yes  en_NZ 
otago.openaccess  Abstract Only  
dc.identifier.eprints  639  en_NZ 
otago.school.eprints  Economics  en_NZ 
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