Essays in the Theory and Measurement of Consumer Behaviour: In Honour of Sir Richard Stone

The eleven papers in this volume show work in the theory and measurement of consumer behaviour.

Angus Deaton (Author)

9780521067553, Cambridge University Press

Paperback / softback, published 10 July 2008

356 pages
22.9 x 15.2 x 2 cm, 0.52 kg

Edited by Angus Deaton, winner of the 2015 Nobel Memorial Prize in Economic Sciences, this volume features early work on the theory and measurement of consumer behaviour. Featuring contributions from leading economists such as Anthony Atkinson, Nicholas Stern, John Muellbauer and Deaton himself, the book offers papers on a wide range of topics. Topics covered range from theory to econometrics, from Engel curves to labour supply and fertility, and from consumer demand in England to consumer behaviour in the USSR. These papers were written and collected for this volume to honour Sir Richard Stone on the occasion of his retirement from his chair at the University of Cambridge.

Part I. The analysis of commodity demands: Introduction
1. Some Engel curves W. M. Gorman
2. Suggestions towards freeing systems of demand functions from a strait-jacket L. Johansen
3. Theoretical and empirical approaches to consumer demand under rationing A. S. Deaton
4. The independence transformation: a review and some further explorations H. Theil and K. Laitinen
5. The analysis of consumption and demand in the USSR N. P. Fedorenko and N. J. Rimasheskaya
Part II: The theory of index numbers: Introduction
6. On the constructability of consistent price indices between several periods simultaneously S. N. Afriat
7. The economic theory of index numbers: a survey W. E. Diewert
Part III. The consumption function and durable goods: Introduction
8. Testing neoclassical models of the demand for consumer durables J. Muellbauer
9. Liquidity and inflation effects on consumers' expenditure D. F. Hendry and T. Von Ungern Sternberg
Part IV. Other aspects: fertility and labour supply: Introduction
10. On labour supply and commodity demands A. B. Atkinson and N. H. Stern
11. Child spacing and numbers: an empirical analysis M. Nerlove and A. Razin.

Subject Areas: Economic theory & philosophy [KCA]