Publication | Closed Access
Demand System Specification and Estimation
237
Citations
0
References
1992
Year
Unknown Venue
EngineeringApplied EconomicsApplied EconometricsDemand ElasticityOperations ResearchEconomic AnalysisSystems EngineeringDemand System SpecificationEconomic UniverseEmpirical Demand AnalysisDemand ManagementEconomicsEmpirical AnalysisPrice ElasticityDemand ForecastingEconometric MethodMarketingBusinessEconometricsDemand Response
The book links economic theory to empirical demand analysis. It demonstrates that theory informs empirical demand analysis by revealing insights into the economic universe, evaluating functional forms and specifications, and supporting the usefulness of a theoretical framework.
Abstract This book on demand analysis links economic theory to empirical analysis. It provides insights on three levels. First, it reveals something about the economic universe. Second, it illustrates the advantages and disadvantages of various functional forms, and of demographic and stochastic specifications which have wide applicability in empirical demand analysis. Third, it supports the authors’ methodological claim that theory provides a useful framework for empirical analysis.